Mention the situation in which fixed cost becomes the sunk cost.
Sunk Cost is that cost that is paid and is unavoidable. Please explain with example the scenario in which the fixed cost becomes the sunk cost.
Sea Urchins feed on Kelp. Source: [http://us.docsity.com/en-video/Trophic_Dynamics_-_Wildlife_Ecology_-_Environmental_Science_Policy_Manageme...
In case of animal groups animals are less likely to be predated and they can detect the predator easily. Source: [http://us.docsity.com/en-video/Troph...
Division and exclusive occupation of space by an individual or group with a defended boundary. Source: [http://us.docsity.com/en-video/Competition_-...