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A pharmaceutical company has invested $3,000,000 the past 3 years in a new drug to slow the advancement of memory loss. The $3,000,000 is an

A pharmaceutical company has invested $3,000,000 the past 3 years in a new drug to slow the advancement of memory loss. The $3,000,000 is an example of:

1)opportunity cost

2)book cost

3)sunk cost

4)none of the above

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