Click on the links on the right to answer the following questions.
Use Link 1 to answer the following questions. True or False: In 2012, Celgene was the most profitable publicly traded biotech company in the United States.
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True or False: In 2012, only four biotech companies in the UnitedStates reported over $1 billion in net income.
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True or False: Only 5% of biotech companies in the United States make over $100 million.
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Use Link 2 to answer the following question. Which of the following is a way to apply the concept of sunk costs to your life?
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Why do people feel the need to get their money’s worth at an all you can eat buffet when the price is the same whether you eat one plate or five plates of food? Discuss.
Why do people feel the need to work out every day (sometimes more than once a day) at their local gym if the gym membership price is the same per month? Discuss.
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