Chandra received a gift certificate that covers three salsa dance lessons. After the first lesson, Chandra decided

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Chandra received a gift certificate that covers three salsa dance lessons. After the first lesson, Chandra decided that she doesn’t like salsa, yet she still plans to go the next lesson because it doesn’t cost her anything. Evaluate Chandra’s logic.
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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