1. Suppose there are two identical gold bars that you own. The only difference between them is how you acquired them. One bar was won as a prize, the other you purchased.
   
   1. What is the difference in the cost of retaining ownership in the two bars? Explain. (hint: recall the distinction between accounting and opportunity costs).
   2. Will there be any predicted difference in the use of the bars? Explain.

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The difference in cost of retaining ownership in the two gold bars can be understood through the con... View the full answer