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[16] The most valuable investment given up if an alternative investment is chosen is referred to as a(n): [A] sunk cost. [B] opportunity cost. [C]
[16] The most valuable investment given up if an alternative investment is chosen is referred to as a(n): [A] sunk cost. [B] opportunity cost. [C] erosion cost. [17] The cost of test marketing a product prior to deciding whether or not to produce the product is a sunk cost. [A] True [B] False
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