Question

Which of the following cost is not covered if firm dedicates to exit the market
a) sunk cost b) Incremental cost
c) explict cost d ) inplict cost​

Answer 1

(a) sunk cost

• The Sunk Cost Fallacy describes our tendency to follow through on an endeavor if we have already invested time, effort or money into it, whether or not the current costs outweigh the benefits.

Answer 2

Answer:

ok

Explanation:

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