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Williams Company makes a key component for one of its products, but is considering purchasing the part from an outside supplier. If the company purchases

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Williams Company makes a key component for one of its products, but is considering purchasing the part from an outside supplier. If the company purchases the component, it can rent the unused factory space to another business for $5,000 per month. The rent represents O a cost that is irrelevant to the make-or-buy decision, O an opportunity cost of making the component O a fixed production cost. O a variable production cost

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