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Business, 27.09.2019 18:00 ordonez9029

Opportunity cost is defined as
a. the highest-valued, next-best alternative that must be given up to obtain something.
b. the variety of uses that a society has for all factors of production.
c. the monetary cost of making a choice under conditions of scarcity.
d. the collection of all alternative goods that could be chosen at any point in time.

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Opportunity cost is defined as
a. the highest-valued, next-best alternative that must be give...
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