What was the opportunity cost to bennett of his team playing

Reference no: EM131020916

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.

Reference no: EM131020916

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