Many Theaters Sell Empty Seats at a Deep Discount Just

question 58

Multiple Choice

Many theaters sell empty seats at a deep discount just before show time. What economic concept is displayed by this behavior?

• A) Consumer demand
• B) Sunk costs
• C) Price optimization
• D) Thinking at the margin

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.