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To start up a sole partnership firm, Melanie invested $250,000 of her own funds. If she could have earned 3 percent return on these funds

To start up a sole partnership firm, Melanie invested $250,000 of her own funds. If she could have earned 3 percent return on these funds in another endeavor, what is her opportunity cost (also known as competitive return)?

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SOLUTION Melanies opportunity cost or competitive return is the return she could have earned if she ... blur-text-image

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