Kate receives two free passes to the waterpark for her birthday.She's not a huge fan of waterparks,and,therefore,would not buy such tickets for their face value of $90.Kate decides to use the tickets.This type of behavior is explained with the concept of:
A) the implicit cost of ownership.
B) the fungibility of money.
C) ignoring sunk costs.
D) None of these.
Correct Answer:
Verified
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