2.10 In 2008, Clay Bennett, the owner of the then Seattle Supersonics NBA basketball team (now the Oklahoma City Thunder), estimated that if the team remained in Seattle, he would suffer a loss of about $63 million over the following two seasons. If the team were allowed to move to Oklahoma City, he estimated that he would earn a profit of $19 million. What was the opportunity cost to Bennett of his team playing in Seattle rather than in Oklahoma City? Briefly explain
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What was the opportunity cost to Bennett of his team playing in Seattle rather than in Oklahoma City? Briefly explain was first posted on February 6, 2019 at 4:49 pm.
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