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karotop02 karotop02
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A year ago

Which of the following statements is false?



▸

Money must change hands before a cost can be incurred.



▸

No monetary payment takes place when an implicit cost is incurred.



▸

Costs may be either explicit costs or implicit costs.



▸

Cost implies that a sacrifice has been made.

Textbook 
Economics

Economics


Edition: 12th
Author:
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isababycookieisababycookie
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A year ago
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