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Even when looking at opportunity costs, we also need to keep in mind: Relevant costs, since not all costs will come in to play when
Even when looking at opportunity costs, we also need to keep in mind:
Relevant costs, since not all costs will come in to play when looking at missed opportunities:
How much revenue we will lose with various choices, since the higher revenue option should always be chosen.
The effect on rent, depreciation and other fixed costs depending on the option we choose.
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