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Which of the following statements about sunk costs is true? Select one: a. Sunk costs are the result of past decisions b. Sunk costs are

Which of the following statements about sunk costs is true?

Select one:

a. Sunk costs are the result of past decisions

b. Sunk costs are never relevant to decisions (except for tax considerations)

c. Sunk costs do not vary between decision alternatives

d. All of the above

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