A cost that is unavoidable regardless of the actions of a decision maker is called

Name: A cost that is unavoidable regardless of the actions of a decision maker is called
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Question

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A sunk cost is a cost that has already been incurred and cannot be recovered, regardless of the future actions of a decision maker. It is therefore unavoidable. Marginal costs, opportunity costs, and incremental costs can all be affected by the decisions of the decision maker.

A Cost That Is Unavoidable Regardless of the Actions of a Decision