Query: suppose that you purchased a ticket to a jazz festival for 100 a month ago. last week someone invited you to a hockey game on the same night as the jazz festival. you would much rather go to the hockey game than the jazz festival. you have tried unsuccessfully to sell the jazz festival ticket. which of the following statements regarding this situation is c correct?
Context: the 100 you paid for the jazz festival ticket should be irrelevant in your decision making, because it is a sunk cost. More test answers on https://studyhippo.com/econ-23/