Cryptocurrency Q&A Which of the following best defines opportunity cost?

Which of the following best defines opportunity cost?

Gianluca Gianluca Sat Jan 18 2025 | 7 answers 1656
I'm trying to understand the concept of opportunity cost. I want to know which of the given options best explains this economic term. Which of the following best defines opportunity cost?

7 answers

CryptoMystic CryptoMystic Mon Jan 20 2025
The accurate response is b.

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Eleonora Eleonora Sun Jan 19 2025
When an alternative is not pursued, certain benefits are relinquished.

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EclipseRider EclipseRider Sun Jan 19 2025
Specifically, it reflects the income or savings that would have resulted from choosing another option.

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Elena Elena Sun Jan 19 2025
It pertains to the advantages forfeited when an alternate plan of action is not selected.

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BonsaiBeauty BonsaiBeauty Sun Jan 19 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services.

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