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Which of the Following Demonstrates Behavior of the Second Highest

Question 100

Multiple Choice

Which of the following demonstrates behavior of the second highest bidder in Teger's (1980) dollar auction?


A) Effective use of the sunk cost principle.
B) People do not handle money as carefully as professionals do.
C) Escalation of a counterproductive endeavor.
D) People take greater risks when gains are high.

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