asked 23.1k views
2 votes
Opportunity cost is _____

a. any lost opportunity.
b. the value of the next-best opportunity that one foregoes when making a choice.
c. used to exploit weaker parties to a transaction by stronger parties.
d. the aggregate value of all foregone opportunities.

1 Answer

3 votes
B) The value of the next-best opportunity that one foregoes when making a choice
answered
User Uoyilmaz
by
8.2k points
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