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What best describes the concept of opportunity cost in economics? O a. The cost of purchasing raw materials for production. O b. The premium investors

What best describes the concept of opportunity cost in economics? O a. The cost of purchasing raw materials for production. O b. The premium investors demand for holding an illiquid asset. O C. The real value of returns after adjusting for the decrease in purchasing power O d. The potential forgone benefit from choosing one alternative over another

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