Economics B A-Level
Sunk costs
What Sunk costs means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Sunk costs
Check what you remember
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Reference: Pearson Edexcel
Unrecoverable costs that act as barriers to exit and reduce contestability.
Topics that use Sunk costs
- Barriers to entry (Pearson Edexcel A-Level)
Related terms
- Barriers to entry
- Competitive advantage
- Economies of scale
- Market structure
- Monopoly power
- Perfectly contestable market
- Contestability
- Intellectual property rights
Using Sunk costs in the exam
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