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Opportunity Cost Is Best Defined as the

Question 23

Multiple Choice
Opportunity cost is best defined as the

Opportunity cost is best defined as the


A) sum of all alternatives given up when a choice is made.
B) money spent once a choice is made.
C) highest-valued alternative given up when a choice is made.
D) cost of a good less profits.
E) cost of capital resources used in the production of additional capital.

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