Which situation best illustrates the economic concept of opportunity cost?
O A. A business decides to begin advertising its product in more
foreign markets.
O B. A business gives its employees a raise, so it cannot afford to buy
any TV ads.
O C. A business takes out a large loan, so it is able to expand into a
new market.
O D. A business plans to relocate to a new city after taxes increase in
its home city.
Answers: 3
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Which situation best illustrates the economic concept of opportunity cost?
O A. A business decides...
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