Multiple Choice
The term opportunity cost suggests that _____
A) one person must lose when someone else gains in an exchange situation.
B) not all individuals make the most of life's opportunities.
C) executives do not always recognize opportunities for profit as quickly as they should.
D) the only factor that is important in decision making is cost.
E) a good must be given up to get some other good in return as resources are scarce.
Correct Answer:
Verified
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