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2 August, 12:35

Select the correct answer.

What represents the value of the second-best alternative that a person gives up when making a choice?

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  1. 2 August, 14:15
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    What represents the value of the second-best alternative that a person gives up when making a choice?

    Opportunity cost

    Explanation:

    Opportunity cost entails the next value best to alternative available, the availability to choose from pool of alternatives results into an opportunity cost
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