Consider the following statement: "The problem with economics is that it assumes that consumers and firms always make the correct decisions. But we know that everyone makes mistakes." What is the most correct response to this statement?

In economics rational behavior doesn't necessarily mean the right decision but it is based on the fact that consumers and firms consider optimal level of benefits when they make their purchasing decisions.

Economist assumes that everyone think logically or rationally before they embark on any purchasing decisions.

This means a person is able to give a logical explanation about their purchasing behavior and these decision may not always yield material benefits but still may bring emotional one.

Consider the following​ statement: ​ "The problem with economics is that it assumes that consumers and firms always make the correct decisions. But we know that everyone makes​ mistakes." What is the most correct response to this​ statement?

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Consider the following statement: "The problem with economics is that it assumes that consumers and firms always make the correct decisions. But we know that everyone makes mistakes." What is the most correct response to this statement?