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Discuss what is meant by a sunk cost. Discuss five typical examples of sunk costs that may occur in five different contexts / projects (such

Discuss what is meant by a sunk cost. Discuss five typical examples of sunk costs that may occur in five different contexts / projects (such as a building construction project, a highway project and an IT project). Also list three examples of sunk costs that may occur to an individual in his/ her personal life

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