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Which of the following statements is correct regarding opportunity costs? They are the value a resource could have provided in its best alternative use. They

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Which of the following statements is correct regarding opportunity costs? They are the value a resource could have provided in its best alternative use. They are any unrecoverable cost for which the firm is already liable. When estimating the free cash flows of a project, do not include opportunity costs. They are indirect effects of a project that may increase or decrease the profits of other business activities of the firm. They occur when the sales of a new product displace sales of an existing product

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