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Howie Just Bought a New Digital Camera to Replace His

Question 74
Multiple Choice
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Multiple Choice

Howie just bought a new digital camera to replace his old one, which works perfectly fine and would sell on eBay for $100. The fact that Howie would not pay $100 for the old camera, yet he continues to let it sit unused his closet, is explained by:

A)the implicit cost of ownership bias.
B)the explicit cost of ownership bias.
C)the explicit cost of sales bias.
D)ignoring sunk costs.

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