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Costs and Benefits

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Description Respond to the following in a minimum of 350 words: • People may make bad decisions because they fail to compare the relevant costs and benefits. Do you agree? Provide an example of when you made a bad decision and an example of when you made a good decision. Did you compare the relevant costs and benefits? • Discuss an example of behavior you have observed that could be described as “smart for one but dumb for all.”

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