Introduction to Economics 1 Deneme Sınavı Sorusu #1275609

Which of the followings refers to an expenditure that was incurred in the past and is irreversible in the short-run?


Competitive market.

Sunk cost.

Break-even point.

Profit maximization.

Total revenue.


Yanıt Açıklaması:

Sunk Cost: an expenditure that was incurred in the past and is irreversible in the short-run. Therefore, the correct option is B.

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