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The term opportunity cost is best defined as: the amount of money paid for an item, taking possible discounts into account. an irrelevant decision factor.

The term "opportunity cost" is best defined as:
the amount of money paid for an item, taking possible discounts into account.
an irrelevant decision factor.
the amount of money paid for an item, taking inflation into account.
the benefit associated with a rejected alternative when making a choice.
the amount of money paid for an item.

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