explain oppertunuty cost
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Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. ... While financial reports do not show opportunity costs, business owners often use the concept to make educated decisions when they have multiple options before them.
Answered by
1
Answer:
Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. ... While financial reports do not show opportunity costs, business owners often use the concept to make educated decisions when they have multiple options before them.
Explanation:
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