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What deos opportunity cost mean

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Answer:

Opportunity cost means that due to limited resources, the purchaser of goods has to choose between mutually exclusive alternatives. Therefore, one item does not get procured due to the choice and limited resources. Something needs to be given up in order to procure something else.

Step-by-step explanation:

User Ferox
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4 votes

Answer:

the loss of potential gain from other alternatives when one alternative is chosen.

Step-by-step explanation:

User Vfle
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