Business, 18.04.2020 01:59 anabellabenzaquen

The Nifty Gum Co. has purchased a large parcel of land for $1 million. The company recently discovered that the land is contaminated and is worthless to all possible buyers.
The opportunity cost of the land is:

A) $1 million.
B) some amount greater than $0 but less than $1 million.
C) $0.
D) equal to the cost of the factory that was planned to be built there.

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The Nifty Gum Co. has purchased a large parcel of land for $1 million. The company recently discover...

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