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Which Business Decision Best Describes the Irrelevance of Sunk Costs

Question 83

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Which business decision best describes the irrelevance of sunk costs

Which business decision best describes the irrelevance of sunk costs


A) New airlines enter the market and earn profits.
B) Airlines continue to sell tickets even though they are reporting large losses.
C) Airlines exit the market when they report losses.
D) Airlines raise ticket prices to cover sunk costs.

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