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Some online penny auctions charge a fee, such as $1, for every bid placed. Why should these costs of $1 per bid be considered sunk
Some online penny auctions charge a fee, such as $1, for every bid placed. Why should these costs of $1 per bid be considered "sunk costs"? Would it be smart for someone who has "already invested $5 in bidding costs" to keep bidding to "protect his or her sunk investments"? Why or why not
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