For each of the following approaches that an economist


For each of the following approaches that an economist might follow in examining a decision making process, identify whether the approach relies on the rationality assumption or on the assumption of bounded rationality. (See page 10.) a. An economic study of the number of online searches that individuals conduct before selecting a particular item to purchase online presumes that people are interested only in their own satisfaction, pursue their ultimate objectives, and consider every relevant option.

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Business Economics: For each of the following approaches that an economist
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