Businesses that fail to account for implicit costs,like the strawberry farmer,Hiroshi Fujishige,who failed to consider the enormous opportunity of selling his property to Disneyland,will

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Implicit costs represent the opportunity costs of using resources for one purpose over another. By not considering these costs, businesses might miss out on more profitable opportunities, such as selling valuable assets, which could lead to making more money when they eventually shut down and liquidate those assets.

Businesses That Fail to Account for Implicit Costs,like the Strawberry