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  • 20-01-2017
  • Business
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Describe the nature of an opportunity cost

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MissPhiladelphia
MissPhiladelphia MissPhiladelphia
  • 01-02-2017
Opportunity cost is the cost of the next best alternative (money, time or resources) that we didn't choose in the trade-off. It  represents an alternative given up when a decision is made. Hope this answers the question. Have a nice day.
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