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  3. Study Set
    Microeconomics 2
  4. Exam
    Exam 3: Factor and Product Markets, Equilibrium, and Production Factors
  5. Question
    The Cost of One Thing in Terms of the Alternative
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The Cost of One Thing in Terms of the Alternative

Question 9

Question 9

Multiple Choice

The cost of one thing in terms of the alternative given up is called:


A) Real cost
B) Opportunity cost
C) Production cost
D) Physical cost

Correct Answer:

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