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      Question

      Which among the following represent the potential

      benefits an individual, investor, or business misses out on when choosing one alternative over another?
      A Sunk Cost Correct Answer Incorrect Answer
      B Relevant Cost Correct Answer Incorrect Answer
      C Irrelevant Cost Correct Answer Incorrect Answer
      D Variable Cost Correct Answer Incorrect Answer
      E Opportunity Cost Correct Answer Incorrect Answer

      Solution

      Opportunity Cost represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

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