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In the short run, certain costs, such as rent on land and equipment, must be paid whether or not any output is produced. These are: the firm's...

In the short run, certain costs, such as rent on land and equipment, must be paid whether or not any output is produced. These are:


a. the firm's variable costs.

b. the firm's break-even costs.

c. the firm's sunk costs.

d. the firm's fixed costs.

e. the firm's marginal costs.

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c. the firm's sunk costs. These are sunk because... View the full answer

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