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What's an opportunity cost?
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25 votes
25 votes
What's an opportunity cost?

User Fayga
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10 votes

Answer:

opportunity cost is the loss or the benefit that could have been enjoyed if the best alternative choice was chosen. As a representation of the relationship between scarcity and choice, the objective of opportunity cost is to ensure efficient use of scarce resources.

Step-by-step explanation:

User Garethr
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