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What is the opportunity cost of seeing George Strait

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Question - You won a free ticket to see a George Strait concert in Vegas (assume the ticket has no resale value). Alan Jackson has a concert the same night, and this represents your next-best alternative activity. Tickets to the Alan Jackson concert cost $180, and on any particular day, you would be willing to pay up to $200 to see this band. Assume that there are no additional costs of seeing either show. Based on the information presented here, what is the opportunity cost of seeing George Strait?

Reference no: EM132927924

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