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Course: Introduction to Economics - Basic Concepts You meet a friend outside a movie theater, who seems to be very upset. You ask him why
Course: Introduction to Economics - Basic Concepts You meet a friend outside a movie theater, who seems to be very upset. You ask him why he is angry and he replies: "I came to see a movie and it turned out badly. Anyway, I decided to see it because I had already paid for the ticket". Is your friend behaving like a rational agent? Justify
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