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What is opportunity cost? and why does it matter when it comes to personal finances?
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What is opportunity cost? and why does it matter when it comes to personal finances?

User Evelin Amorim
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1 Answer

11 votes

Answer:

represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Step-by-step explanation:

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. Because opportunity costs are, by definition, unseen, they can be easily overlooked.

User Ttlg
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