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2 October, 10:26

What is an opportunty cost?

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Answers (2)
  1. 2 October, 10:30
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    The loss of potential gain from other alternatives when one alternative is chosen: "idle cash balances represent an opportunity cost in terms of lost interest"
  2. 2 October, 10:47
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    The definition of Opportunity cost is - The loss of potential gain from other alternatives when one is chosen.
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