Economists argue that:
a. accounting costs include all types of costs, even implicit costs.
b. every decision has an opportunity cost.
c. some decisions have opportunity costs, while others don't.
d. economic decisions should include sunk costs.
Question 2
Which of the following is FALSE?
a. To reduce cannibalization among products, reposition a product so that it does not directly compete with the other
b. After acquiring a substitute product, lower prices on both the products
c. After acquiring a complementary product, lower prices on both the products
d. All of the above
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