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What is an opportunity cost? How does the idea relate to the definition of economics? Which of the following decisions would entail the greater opportunity

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What is an opportunity cost? How does the idea relate to the definition of economics? Which of the following decisions would entail the greater opportunity cost: Allocating a square block in the heart of New York City for a surface parking lot or alocating a square block at the edge of a fypical suburb for such a lot? Explain

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