A firm purchased copper pipes a few years ago at $10 per pip
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A firm purchased copper pipes a few years ago at $10 per pipe and stored them. These were used only as the need arose. T
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A firm purchased copper pipes a few years ago at $10 per pipe and stored them. These were used only as the need arose. The firm could sell its remaining pipes in the market at the current price of $9. What is the opportunity cost of each pipe and what is the sunk cost?
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