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1 vote
The value of the next best alternative given up is called ?

asked
User Katja
by
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1 Answer

4 votes

Answer:

I believe the correct answer is "opportunity cost".

Step-by-step explanation:

The opportunity cost of a choice is the value of the best alternative given up. Scarcity is the condition of not being able to have all of the goods and services one wants.

answered
User Nouman Hanif
by
8.4k points

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