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Commerce · Q466

Economics

Graduate and Post Graduate · Commerce · question 466

Q466

What is an opportunity cost? Choose the most appropriate option.

A.
The cost of availing an opportunity
B.
The cost of advantage forgone
Answer
C.
The situational cost
D.
Cost of speculative activities
E.
The minimum cost to carry out a project

Answer: Option B

Solution

Answer: Option B
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