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A firm purchased copper pipes last year at $12 per pipe and stored them, using them as needed. If the firm could sell the remaining
A firm purchased copper pipes last year at $12 per pipe and stored them, using them as needed. If the firm could sell the remaining pipes at the current market price of $15,
I understand that the opportunity cost is $15, but why the sunk cost is $0?
I thought the sunk cost is $12
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