Sunk costs are part of opportunity costs.

Name: Sunk costs are part of opportunity costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered, while opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. Sunk costs should not influence future decisions or opportunity costs because they are irrecoverable.

Sunk Costs Are Part of Opportunity Costs