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Illustration: Oc Opportunity Cost - Loss Of Value Or Benefit That Would Be Incurred By Engaging In That Activity, Relative To Engaging In An

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OC Opportunity Cost - loss of value or benefit that would be incurred by engaging in that activity, relative to engaging in an alternative activity, acronym text concept background

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abbreviation acronym banner benefit business choice concept cost crucial definition economic exclusive financial gain loss lost time making decision microeconomic monetary mutually opportunity phrase provide relationship restricted scarcity term text theory utility value word incurred engaging activity relative alternative background

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