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Sunk costs are a . costs that cannot be avoided, because they have already been incurred. b . the costs of what we give up

Sunk costs are
a. costs that cannot be avoided, because they have already been incurred.
b. the costs of what we give up when we make a choice or a decision.
c. the additional costs of producing an additional unit of a product.
d. the additional costs of consuming an additional unit of a product.
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