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Dale Just Won Tickets to See a NASCAR Race

Question 77

Multiple Choice

Dale just won tickets to see a NASCAR race.His coworker offers to pay him $200 for them,but Dale decides to use them,even though he would not pay $200 for them himself.Dale's willingness to consume $200 worth of tickets that he doesn't value at $200 is attributed to:


A) the explicit cost of ownership.
B) the high fungibility of money.
C) his refusal to ignore the sunk cost of the tickets.
D) None of these is correct.

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