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The Concept of Opportunity Cost Is That

Question 10

Multiple Choice
The concept of opportunity cost is that

The concept of opportunity cost is that


A) in a market economy, taking advantage of profitable opportunities involves some money cost.
B) the economic cost of using a factor of production is the alternative use of that factor that is given up.
C) taking advantage of investment opportunities involves costs.
D) the cost of production varies depending on the opportunity for technological application.

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