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Sunk costs are Costs of projected asset purchases in the future Costs already paid and generally...

Sunk costs are

Costs of projected asset purchases in the future

Costs already paid and generally required to enter a market

Costs required to exit a market

Costs of ongoing production

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Option 2

Costs already paid and generally required to enter a market

Sunk costs are costs already paid and it is required to pay to enter the market> these costs are not considered for future decisions.

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