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Which one of the following is the definition of a sunk cost? Question 2 options: 1) the most valuable alternative that is given up when

Which one of the following is the definition of a sunk cost?

Question 2 options:

1)	the most valuable alternative that is given up when an investment is undertaken

2)	current sales that are lost when a new product is added

3)	money spent that cannot be recouped

4)	decrease in sales due to a decline in the economy

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