Exam (elaborations)
CEBS GBA Exam 2 Study Guide | 305 Questions with 100% Correct Answers | Verified | Latest Update | 150 Pages
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What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" (Mod 1.1) - Assumption that rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demands will be reward...
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