So if we assume from the outset that only profits have value, it is irrational for preferences over profit-making projects to be nonseparable in sunk costs.
Nevertheless, hospital managers may occasionally decide to invest in money-losing operations that can increase the hospital's visibility and attract "profit-making" patients for other parts of the hospital (2).
At the same time, they have reinforced their alliance with the political elites prone to corruption in their joint profit-making projects.
The increased popularity of music in factories was such that it attracted attention from commercial organisations looking for new profit-making niches.
Running a residential facility is decidedly more burdensome and less attractive than operating profit-making livelihood support services for local households.
The extension of private services both increases the profit-making sector and restrains state spending.
Indeed, residential care businesses became known for their financial security and profit-making potential.
This was largely related to lack of trust in profit-making financial services companies.
