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What is an opportunity cost? I. What you give up by deciding on a specific course of action II. The trade-off of a decision III.

What is an opportunity cost? I. What you give up by deciding on a specific course of action II. The trade-off of a decision III. The cost, measured in dollars, of implementing your decision IV. An alternative course of action that was given up Question 1 Select one: a. I, II and IV, only b. II and III, only c. I and III, only d. II and IV, only

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