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Pick the best answer. Which of the following is the best definition of the opportunity cost of a decision? Benefits from the best foregone alternative.

Pick the best answer.

Which of the following is the best definition of the opportunity cost of a decision?

Benefits from the best foregone alternative.

Actual financial cost of a decision.

The difference between the benefits of the first and second best choices.

The sum of all benefits from all foregone alternatives.

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