Business, 06.12.2019 17:31 hannahbrown802

The term "opportunity cost" is best defined as:
1. the amount of money paid for an item.
2. the amount of money paid for an item, taking inflation into account.
3. the amount of money paid for an item, taking possible discounts into account.
4. the benefit associated with a rejected alternative when making a choice.
5. an irrelevant decision factor.

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The term "opportunity cost" is best defined as:
1. the amount of money paid for an item.