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Understanding Opportunity Cost
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Opportunity cost is a basic microeconomics concept, maybe one you learned in a long-ago and hazily recollected 8 a.m. Econ 101 lecture. If you need a refresher, opportunity cost is the benefit you ...
Essentially, opportunity cost is the potential benefits or gains an investor, consumer or business misses out on when one alternative is chosen over another. Here are some key takeaways: You cannot ...
When it comes to common financial principles used by investors and professionals, the term "opportunity cost" is used often. Opportunity cost is the value of the alternative option you've given up ...
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