Which of the following statements best demonstrates the concept of bounded rationality?
A. Individuals make decisions as if they had understood and examined every possible alternative.
B. Individuals make short-run choices that are not consistent with their long-term goals.
C. Individuals do not intentionally make decisions that would leave them worse off.
D. Individuals act in their own self-interest.
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Home » Business » Which of the following statements best demonstrates the concept of bounded rationality? A. Individuals make decisions as if they had understood and examined every possible alternative. B.