Multiple Choice
Suppose you would have to pay Troy at least $12 to get him to part with his new water bottle. Loss aversion implies that if Troy had not yet purchased the water bottle, he would:
A) be willing to pay more than $12 to buy it.
B) be willing to pay exactly $12 to buy it.
C) be willing to pay less than $12 to buy it.
D) no longer be interested in buying it.
Correct Answer:
Verified
Correct Answer:
Verified
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