Opportunity costs exist for
A)households but not businesses or governments.
B)businesses but not households or governments.
C)businesses and households but not governments.
D)households, businesses, and governments.

Question

Quizplus · Accepted Answer

Opportunity costs exist for households, businesses, and governments because they all have limited resources and must make choices about how to allocate those resources. When one choice is made, the potential benefit from alternative choices is forgone, which is the opportunity cost.

Opportunity Costs Exist for