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il63 [147K]
2 years ago
13

What is the basic premise of an opportunity cost?

History
1 answer:
m_a_m_a [10]2 years ago
7 0
The idea behind opportunity cost is that the cost of one item is the lost opportunity to do or consume something else; in short, opportunity cost is the value of the next best alternative.

Option C
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The definition is mentioned below and according to the procedure outlined.

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