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AnswerFreedom of mind. AnswerOppurtunity cost
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14y ago
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5mo ago

When a choice is made, the alternatives that were not chosen are given up. This is known as the opportunity cost, which refers to the benefits or value that could have been gained by choosing a different option.

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Q: What is given up when choice is made?
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The next best choice that is given up when a decision is made is called?

opportunity cost


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