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When Company Executives Fail to Abandon a Plan After Large

question 76

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When company executives fail to abandon a plan after large resources have been spent on it even though the evidence suggests that the plan is not working is called


Definitions:

Government Subsidy

A government subsidy is financial assistance provided by the government to individuals, organizations, or industries to encourage or protect certain activities or products.

Market Price

The existing market rate for acquiring or selling a service or asset in the open market.

Subsidy

Financial assistance provided by the government or a public body to support businesses, reduce prices, or encourage a particular economic activity.

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