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29 January, 11:50

Which of the following descriptions best explains the meaning of opportunity cost?

A. the initial cost of starting a new business

B. the cost of business failure

C. the cost of choosing one alternative over another

D. the risk associated with producing a new item

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Answers (1)
  1. 29 January, 12:29
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    The answer is C. The cost of choosing one alternative over another
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