Question: Bob Dylan and Eric Clapton are song writers, singers, performers. They perform in concert in your neighborhood, on the same evening but in two separate

Bob Dylan and Eric Clapton are song writers, singers, performers. They perform in concert in your neighborhood, on the same evening but in two separate venues. Economists monetize benefits of doing something by using the notion of Willingness To Pay. ou would be willing to pay $100 to see Bob Dylan and $70 to see Eric Clapton. A concert ticket for Dylan costs $80 while a ticket for Clapton costs $40. Which concert would you select?

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