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An owner of a stable of racehorses has been earning below-average returns for more than 15 years. To a colleague, he expressed his determination to stay in horse racing until he died because "racing is in my blood." This individual is probably still racing horses because of _______

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Tobloc

This individual is probably still racing horses because of HIGH BARRIERS TO EXIT.

When someone earns below average, the fellow wants to quit such job by every available means. He would not quit however, if it is very difficult to do so.

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