An opportunity cost is ________.

Question

Quizplus · Accepted Answer

Opportunity cost refers to the benefit that is given up by choosing one alternative over another. Therefore, option C is the correct answer. Option A is incorrect as it refers to the cost incurred to make a sale. Option B is incorrect as it refers to the benefit gained, not the opportunity cost. Option D is incorrect as it refers to costs that have already been incurred, rather than the cost of choosing one alternative over another.

An Opportunity Cost Is ________