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The Opportunity Cost of Going to an Outdoor Music Festival

Question 80

Multiple Choice

The opportunity cost of going to an outdoor music festival is:


A) the enjoyment you receive from going to the festival.
B) the value of the time spent at the festival.
C) equal to the highest value of an alternative use of the time and money spent on the festival.
D) zero because there is no overhead costs for an outdoor festival.

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