Which of the following is an example of irrationally considering sunk costs when making a decision?
A) A family pays $20 to enter an amusement park for the day and leaves after an hour.
B) A family pays $20 to enter an amusement park for the day and stays all day.
C) An individual pays $50 for a baseball game ticket and ends up sitting through the entire game in the freezing rain.
D) An individual pays $50 for a baseball game ticket and ends up enjoying the entire game.
Correct Answer:
Verified
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