Opportunity cost

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Contents

1 Opportunity cost
- 1.1 Related subjects
- 1.2 Footnotes and references
2 MAP

Opportunity cost

Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative foregone (that is not chosen). It is the sacrifice related to the second best choice available to someone, or group, who has picked among several mutually exclusive choices^[1]

Related subjects

The economics of criminal& terrorist behaviour

Footnotes and references

↑ source: wikipedia

MAP

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