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    Business
  3. Study Set
    Economics The Basics
  4. Exam
    Exam 2: Demand and Supply: The Basics of the Market Economy
  5. Question
    Opportunity Cost Is Defined as the Value or Benefit of the
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Opportunity Cost Is Defined as the Value or Benefit of the

Question 53

Question 53

Multiple Choice

Opportunity cost is defined as the value or benefit of the


A) most expensive item.
B) least expensive item.
C) supply curve.
D) next best alternative.

Correct Answer:

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