Freedom of economic choice is one of the chief advantages of a

Niceville, Ohio, only has two dentists, while the surrounding communities have many more on a per capita basis. The demand for dental services is such that these two dentists could agree to raise their prices (they play golf together every Saturday) and earn economic profit. Instead, they choose to price competitively and earn what other dentists earn. What might explain this?

According to behavioral economics, an employee will likely

a. work harder if she is a satisficer and if she believes a coworker is overpaid. b. work harder if she is a satisficer, but work less hard if she believes a coworker is overpaid. c. work harder if she believes a coworker is overpaid, but work less hard if she is a satisficer. d. work less hard if she is a satisficer and if she believes a coworker is overpaid.