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Question
which of these best describes an opportunity cost? a win - win a loss a chance a trade - off
Brief Explanations
Opportunity cost is the value of the next - best alternative forgone. It represents a trade - off when making a decision as choosing one option means giving up the benefits of another. A win - win is not related to opportunity cost. A loss is a different concept. A chance is too general. A trade - off best captures the essence of opportunity cost.
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D. a trade-off