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Stock as Sunk Costs

Osborne
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10/19/2018 9:07:39 AM
Posted: 1 year ago
In terms of barriers to exit when discussing contestable markets, Can you determine obsolete products as a sunk cost?
For example, If a cassette shop were to go out of business, No one would want to buy their products, Because they are now obsolete.
The point is innovative and creative behaviour pushing these products out of the market, Therefore the firm, Therefore rising to the holder of further sunk costs.
Student, Osborne.

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