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10 April, 05:59

What is the correct definition of an opportunity cost

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  1. 10 April, 06:06
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    the loss of potential gain from other alternatives when one alternative is chosen.
  2. 10 April, 06:15
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    The loss of potential gain from other alternatives when one alternative is chosen.

    Example: "idle cash balances represent an opportunity cost in terms of lost interest"
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