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  3. Study Set
    Judgment in Managerial Decision Making
  4. Exam
    Exam 7: The Escalation of Commitment
  5. Question
    In a Competitive Auction,continuing to Bid After Both One and One's
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In a Competitive Auction,continuing to Bid After Both One and One's

Question 14

Question 14

True/False

In a competitive auction,continuing to bid after both one and one's competitors have started bidding is considered irrational escalation of commitment.

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