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The decline in starting new businesses
TC Curves
They represent total cost curves, which show the total cost of producing different quantities of a good or service at various levels of production.
Sunk Cost
A cost that has already been incurred and cannot be recovered.
Nonrefundable
Describing a payment or deposit that cannot be returned or refunded back to the payer under most circumstances.
Nontransferable
An attribute of an item or asset that cannot be legally transferred or assigned from one individual or entity to another.
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