Economy, asked by kaish98, 10 months ago

what is opportunity cost?​

Answers

Answered by devrathore96800
0

When an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen

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Answered by Anonymous
3

Answer:

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Explanation:

The loss of other alternatives when one alternative is chosen.

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