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The Opportunity Cost of Going to an Outdoor Music Festival

Question 15

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 are no overhead costs for an outdoor festival.
E) the cost of the festival ticket only.

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