In the case of factors not owned by the firm, the opportunity cost is the explicit cost of purchasing or hiring them, i.e. it is the price paid for them.

Name: In the case of factors not owned by the firm, the opportunity cost is the explicit cost of purchasing or hiring them, i.e. it is the price paid for them.
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The opportunity cost of factors not owned by the firm is the explicit cost, which is the actual price paid to acquire or hire them.

In the Case of Factors Not Owned by the Firm