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Mathematics, 12.02.2020 16:56 82coogs

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What is the correct definition of an opportunity cost?

A.) a cost that varies depending on the choices made by a person or group
B.) a cost that does not increase or decrease regardless of how circumstances may change
C.) the cost of producing one additional unit of a good or service
D.) the cost of choosing to do one thing rather than choosing the next best option

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What is the correct definition of an opportunity cost?

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