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5 November, 01:13

What is the correct definition of an opportunity cost

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  1. 5 November, 02:47
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    The loss of potential gain from other alternatives when one alternative is chosen.

    Example: "idle cash balances represent an opportunity cost in terms of lost interest"
  2. 5 November, 03:25
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    the loss of potential gain from other alternatives when one alternative is chosen.
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