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weqwewe [10]
3 years ago
9

Opportunity cost may be defined as?

Social Studies
1 answer:
vlada-n [284]3 years ago
8 0

In microeconomic theory, the opportunity cost, or alternative cost, of making a particular choice is the value of the most valuable choice out of those that were not taken. ... Opportunity cost is a key concept in economics, and has been described as expressing "the basic relationship between scarcity and choice".

Explanation:

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