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.
D. None of these is correct.
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