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QuizMultiple Choice

Competition and Free Enterprise — Unit test

Question 1 • 2102320-Economics HONORS - Edgenuity Teacher

Opportunity cost means that something needs to be

Answer
r
replenished.
g
given up.
i
ignored.
p
paid for.

Explanation

Opportunity cost is the value of the next-best alternative you give up when you make a choice. It does not necessarily have to be paid for with money. So the correct choice is “given up.”

AI-written and checked against the verified answer.

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