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How do individuals and firms make decisions regarding the allocation of resource
How do individuals and firms make decisions regarding the allocation of resources to maximize their utility or profit in a world with scarcity?
IntroductionThe Rational Choice Model
Consumer Decision-Making: Maximizing Utility
Firm Decision-Making: Maximizing Profit
All the Market Structures and Resource Allocation
Behavioral Economics and Decision Biases
External Factors Influencing Decision-Making
Conclusion
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