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Say your parents gave you a used car valued at $8,000 as a gift for your birthday. Unfortunately, you were hoping for a sportier model
Say your parents gave you a used car valued at $8,000 as a gift for your birthday. Unfortunately, you were hoping for a sportier model that sells for $12,000. The opportunity cost to you of keeping the car that your parents gave you is: Options: a) $8,000 b) $4,000 c) $0 d) $12,000 e) $20,000 Please explain why
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