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One of the costs listed below is an opportunity cost. Identify this cost. 1. Product promotion costs 2. Cost of finished-goods inventory at year-end 3.
One of the costs listed below is an opportunity cost. Identify this cost. 1. Product promotion costs 2. Cost of finished-goods inventory at year-end 3. Rental of office space for sales personnel 4. Administrative costs 5. Direct labor: fringe benefits 6. Sales commissions
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