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by yariang
5275 days ago
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I would dare say unless you're rational, not necessarily an economist. Most of us are not rational all the time, and the whole point of the question is to show an instance where we are not. You would be correct if there were not other tickets available; in that case, the ticket truly is unique. But in the example given you could acquire another one. In that case the ticket is not unique and is equivalent to the cost of acquiring another one, which is $10. |
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