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(3 pts) Wilson purchased two tickets to attend the big outdoor concert. However, the night of the concert turned out to be heavily rainy and

  1. (3 pts) Wilson purchased two tickets to attend the big outdoor concert. However, the night of the concert turned out to be heavily rainy and unseasonably cold. Wilson is trying to decide whether to attend the concert.

Are the cost of the tickets an opportunity cost, a sunk cost or both?

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