For me to stop getting speeding tickets for a year, I gave five friends devices that measure my driving speed. If I drove over the speed limit by more than 5 miles per hour, I would have to pay them each $1,000. This would be an example of:
A) a deductive decision.
B) opportunity costs.
C) a precommitment strategy.
D) sunk costs.
Correct Answer:
Verified
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