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Martin Chuzzlewit purchased a vacant lot outside of London for 1 , 3 5 0 , 0 0 0 , because he heard that a
Martin Chuzzlewit purchased a vacant lot outside of London for because he heard that a shopping mall was going to be built on the other side of the road. He figured that he could make a bundle by putting in a fastfood outlet on the site. As it turned out, the rumor was false. A sanitary landfill was located on the other side of the road, and Martin's land was worthless. denotes the British monetary unit, pounds sterling.Required:that Chuzzlewit paid for the vacant lot?With respect to the economic characteristics of costs, what type of cost is the
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