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The market system

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Question 44

Which one of the following explains why a consumer might fail to make decisions that maximise their utility?

Consumers have perfect information about all market alternatives

Consumers always actively override default options when purchasing services

Consumers may lack the computational skills to compare complex pricing tariffs

Consumers are entirely unaffected by the purchasing decisions of their peer group

The market system Questions

  1. IGCSE
  2. /Economics
  3. /The market system