=+ticket counter you see another sign saying: Suggested admission is $25. Subsequently, you change your mind and

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=+ticket counter you see another sign saying: “Suggested admission is $25.” Subsequently, you change your mind and decide to pay $25 for admission. Identify the behavioral economic concept illustrated in this example and explain how it influenced your decision.

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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