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  3. Study Set
    Principles of Economics
  4. Exam
    Exam 13: The Costs of Production
  5. Question
    Those Things That Must Be Forgone to Acquire a Good
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Those Things That Must Be Forgone to Acquire a Good

Question 4

Question 4

Multiple Choice

Those things that must be forgone to acquire a good are called:


A) competitors
B) substitutes
C) opportunity costs
D) explicit costs

Correct Answer:

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