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The term opportunity cost suggests that (Hint: Opportunity cost involves a trade off. You give up one thing so that you can have another thing.)

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2.   The term opportunity cost suggests that  (Hint:  Opportunity cost involves a trade off.  You give up one thing so that you can have another thing.)

a.

in any exchange situation where one person gains, someone else must lose

b.

not all individuals make the most of life's opportunities

c.

executives do not always recognize opportunities for profit as quickly as they should

d.

the only factor that is important in decision making is cost

e.

because goods are scarce, in order to get some good you must give up some other good in return
asked 12 years ago in Economics by anonymous

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