For a trip from Boston to Washington, compare the opportunity costs of taking Amtrak and United Airlines.
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For a trip from Boston to Washington, compare the opportunity costs of taking Amtrak and United Airlines.
As the time it takes to get through airports has increased, other means of travel have begun to look more attractive. Amtrak now competes comfortably with the airlines on its Boston–New York–Washington express rail service.
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Opportunity cost is a term used in economics to refer to the cost of an opportunity forgone and the loss of the benefits that could be received from t...View the full answer
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