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Which of the following best describes the oppurtunity cost of an action it can be determined by considering both the benefits that flow from as

Which of the following best describes the oppurtunity cost of an action

it can be determined by considering both the benefits that flow from as well ats the monetary cost incurred as a result of the action

it can be determined by adding up the bills incurred as a result of the action

it can be objectively determined only by economists

it is subjective valuation that can be determined only by the individual who chooses the aciton

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