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Which of the following statements is true? 1. Sunk costs are never relevant in decision making. II. Sunk costs and future costs that do not

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Which of the following statements is true? 1. Sunk costs are never relevant in decision making. II. Sunk costs and future costs that do not differ between the alternatives may or may not be relevant in a decision. III. Fixed costs are sunk costs. Multiple Choice None of the statements are true. Only statement III is true. Only statement is true. All of the statements are true

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