An opportunity cost recognizes the trade-offs you face when choosing between different options.

Name: An opportunity cost recognizes the trade-offs you face when choosing between different options.
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An opportunity cost is the value of the next best alternative that must be given up in order to pursue a certain action or decision. It involves recognizing the benefits forgone and the trade-offs that come with making a particular choice.

An Opportunity Cost Recognizes the Trade-Offs You Face When Choosing