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Chanel Has the Option of Purchasing One of Three Products

Question 81

Multiple Choice

Chanel has the option of purchasing one of three products: Brand A, Brand B, or Brand C.The price of each product is $10.If Chanel decides to purchase Brand A, the opportunity cost of this decision is


A) $20.
B) Brand B and Brand C.
C) zero if this is a frivolous purchase with no marginal benefit.
D) Brand B or Brand C, depending on which she considers to be the highest- valued alternative forgone.
E) Brand A.

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