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The hidden cost fallacy refers to the idea that: Group of answer choices The idea that scarcity does not always imply an opportunity cost. When
The hidden cost fallacy refers to the idea that: Group of answer choices The idea that scarcity does not always imply an opportunity cost. When assessing the costs of an action all opportunity costs need to be included. Where possible, some firms hide costs of production to make their firms look more profitable. When assessing the costs of an action all sunk costs should be ignored
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