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The term opportunity cost is best defined as: the benefit associated with a rejected alternative when making a choice. an irrelevant decision factor. the amount

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

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