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What do we call the value of the next best alternative given up when a choice is made? A opportunity cost B sunk cost C needs D scarcity​

What do we call the value of the next best alternative given up when a choice is made? A opportunity cost B sunk cost C needs D scarcity​
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What do we call the value of the next best alternative given up when a choice is made?

A opportunity cost

B sunk cost

C needs

D scarcity​

User Josh Valdivieso
by
7.8k points

1 Answer

6 votes

Answer:

A) Opportunity Cost

Step-by-step explanation:

User AcAnanth
by
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