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alex41 [277]
2 years ago
8

What is Opportunity cost and provide an example (own words)

English
1 answer:
lorasvet [3.4K]2 years ago
8 0

Answer:

Opportunity cost is the comparison of one economic choice to the next best choice. Or the choice not been made.

EX:

You choose Coke over Fanta. The opportunity cost is the Fanta because you didn't choose it

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