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Gilberto Meyers
23 October, 18:27
Opportunity cost means that something needs to be
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Fiona
23 October, 19:57
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Opportunity cost means that due to limited resources, the purchaser of goods has to choose between mutually exclusive alternatives. Therefore, one item does not get procured due to the choice and limited resources. Something needs to be given up in order to procure something else.
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