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Opportunity Cost

Opportunity cost refers to the value of the next best alternative that must be given up in order to pursue a certain action. For example, if you decide to go to college, the opportunity cost may be the money you could have earned by working instead of going to school. Continue Reading Below  

About Opportunity Cost

Opportunity cost refers to the value of the next best alternative that must be given up in order to pursue a certain action. For example, if you decide to go to college, the opportunity cost may be the money you could have earned by working instead of going to school.
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