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    Managerial Economics and Business Strategy Study Set 1
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    Exam 5: The Production Process and Costs
  5. Question
    Costs That Are Forever Lost After They Have Been Paid
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Costs That Are Forever Lost After They Have Been Paid

Question 165

Question 165

Multiple Choice

Costs that are forever lost after they have been paid are:


A) production costs.
B) fixed costs.
C) sunk costs.
D) variable costs.

Correct Answer:

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