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Sunk Costs are Sunk: An Example

In this video, I give an explanation (and example) of why it is a good policy to ignore sunk costs in economic decision making. For a list of videos and links to these videos (organized by topic), check out the Intromediate Microeconomics video web page: http://blog.thisyoungeconomist.com/p/learn-microeconomics.html
Length: 02:15

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