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    Question

    If a business has an opportunity cost of ₹20,000 for

    choosing one project over another, what is the economic cost?
    A ₹20 Correct Answer Incorrect Answer
    B Cannot be determined Correct Answer Incorrect Answer
    C ₹20,000 Correct Answer Incorrect Answer
    D ₹-20,000 Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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