Suppose you have bought and paid for a ticket to see Kanye in concert. You were willing to pay up to $350 for this ticket, but it only cost you $100. On the day of the concert, a friend offers you a free ticket to Lady Gaga instead. You can resell your Kanye ticket for $80. What do your sunk costs equal?
A. $0
B. $20
C. $100
D. $80
Answers: 2
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Suppose you have bought and paid for a ticket to see Kanye in concert. You were willing to pay up to...
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