Fixed Costs That May Be Avoided in the Future Are

question 166

Multiple Choice

Fixed costs that may be avoided in the future are referred to as

• A) replacement costs.
• B) opportunity costs.
• C) relevant costs.
• D) sunk costs.

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Definitions:

Anti-Competitive Nature

Behaviors or actions by companies that unfairly restrict competition and control markets.

Administrative Agency

Any government body created by the legislative branch (e.g., Congress, a state legislature, or a city council) to carry out specific duties.

Anticompetitive Conduct

Actions by businesses that harm competition, including monopolization, illegal mergers, and unfair trade practices.

Interstate Commerce Commission

A regulatory agency in the United States established in 1887 to regulate railroad prices and later expanded to oversee other modes of transportation.