Multiple Choice
Suppose Whitney is willing to pay $200 to buy a new phone. Loss aversion implies that if Whitney already had just bought the phone, you would:
A) have to pay her less than $200 to part with it.
B) have to pay her more than $200 to part with it.
C) have to pay her exactly $200 to part with it.
D) not be able to get her to part with it for any amount of money.
Correct Answer:
Verified
Correct Answer:
Verified
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