The idea in economics that "there is no free lunch" means that:
A) Businesses would go bankrupt if they offered free lunches
B) The thought of a free lunch is often better than the reality of consuming it
C) There are opportunity costs involved even in free lunches
D) Free lunches used by businesses to attract customers is an inefficient marketing ploy

Question

Quizplus · Accepted Answer

The phrase "there is no free lunch" means that even if something appears to be free, there are always costs involved, either in the form of hidden fees or opportunity costs. Therefore, option C is the correct choice. Options A, B, and D are not relevant to the principle of "there is no free lunch" in economics.

The Idea in Economics That "There Is No Free Lunch