5 Costs of Sochi Olympics The Russian government spent $6.7 billion on Olympic facilities and $16.7 billion

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5 Costs of Sochi Olympics The Russian government spent $6.7 billion on Olympic facilities and $16.7 billion on Sochi’s infrastructure.

Sponsors spent $27.6 billion on hotels and facilities, hoping to turn Sochi into a major tourist resort.

Source: The Washington Post, 11 February 2014 Was the opportunity cost of the Sochi Olympics $6.7 billion,

$16.7 billion or $27.6 billion? Explain.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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Question Posted: Nov 05, 2024 06:01 AM

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5 Costs of Sochi Olympics The Russian government spent $6.7 billion on Olympic facilities and $16.7 billion

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Economics

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