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The opponent-process theory of color vision overcomes the limitation of the trichromatic theory of color vision by explaining color afterimages.
Sunk Costs
Expenses that have already been incurred and cannot be recovered or changed, and therefore should not influence future decisions.
Sunk Costs
Expenses that have already been incurred and cannot be recovered.
Opportunity Costs
The cost of opting for one choice over another, representing the benefits missed out on when choosing one alternative over another.
Taxes
Compulsory financial charges or levies imposed by a government on individuals, corporations, and transactions to fund public expenditures.
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