Describe the nature of an opportunity cost

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asked Jan 17, 2018 217k views

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RoundOutTooSoon · Answer 1 · 2018-01-21T22:33:39+0000

Opportunity cost is the cost of the next best alternative (money, time or resources) that we didn't choose in the trade-off. It represents an alternative given up when a decision is made. Hope this answers the question. Have a nice day.

Describe the nature of an opportunity cost

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