Monetary costs and opportunity costs are always identical.

Name: Monetary costs and opportunity costs are always identical.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Monetary costs refer to the actual amount of money spent on a certain item or activity, while opportunity cost refers to the alternative benefit that could have been obtained if the money or time spent on the chosen item or activity was instead used on the best alternative option. Therefore, monetary costs and opportunity costs are not always identical.

Monetary Costs and Opportunity Costs Are Always Identical