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What is opportunity cost?

User Fahmi
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2 Answers

23 votes
23 votes

Answer:

Look below

Step-by-step explanation:

Opportunity cost is when you lost an opportunity/chance to benefit from something because you took the wrong alternative/choice resulting in a loss of benefit.

User DavidRguez
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10 votes
10 votes

Answer:

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. The idea of opportunity costs is a major concept in economics.

User Giorgos Tsakonas
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