Q
Opportunity cost is_________________?
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A
A. The cost incurred in the past before we make a decision about what to do in the future.
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B
B. A cost that cannot be avoided. regardless of what is done in the future
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C
C. That which we forgo, or give up, when we make a choice or a decision.
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D
D. The additional benefit of buying an additional unit of a product
Correct Answer:
C. C. That which we forgo, or give up, when we make a choice or a decision.
