Irrespective of whether a firm produces or shuts down in the short run,fixed cost is equal to its _____

Name: Irrespective of whether a firm produces or shuts down in the short run,fixed cost is equal to its _____
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Question

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Fixed costs are considered sunk costs because they are incurred regardless of the level of production, including if production is shut down. Sunk costs are those that cannot be recovered once they have been incurred.

Irrespective of Whether a Firm Produces or Shuts Down in the Short