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1.0p In the Netherlands, TATA Steel located in Umuiden has been a lot in the news lately. Note that TATA Steel is a highly capital-intensive

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1.0p In the Netherlands, TATA Steel located in Umuiden has been a lot in the news lately. Note that TATA Steel is a highly capital-intensive company. Which of the following provides the most likely explanation why TATA Steel is hesitant to invest in newer and more efficient technology? O The replacement effect. The productivity effect. The efficiency effect. O The sunk cost effect

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