In one to two sentences, describe opportunity costs

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asked Jul 8, 2024 220k views

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Chris Sewell · Answer 1 · 2024-07-13T14:46:03+0000

Answer:

Opportunity cost refers to the value of the next best alternative that must be forgone in order to pursue a certain action or decision. It is the cost of choosing one option over another.

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In one to two sentences, describe opportunity costs

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