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You are selling your 1996 mustang you have already spent

You are selling your 1996 Mustang. You have already spent 1000$ on repairs. At the last minute, the transmission dies. You can pay 600$ to have it repaired, or sell the car "as is."

In each of the following scenarios, should you have the transmission repaired ? Explain

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Business Management: You are selling your 1996 mustang you have already spent

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