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Economics - Financial Markets
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OpenStudy (anonymous):
The cost of an economic decision that is the most attractive option that is given up because one choice was made over another. What is this called?
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OpenStudy (anonymous):
Opportunity cost! It is the cost of sacrificing something for something else. For example you have 2 choices to go to the movies or go fishing. If you chose to go fishing, there would be an opportunity cost in watching some new release film.
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