Which of the following statement about Opportunity Cost is NOT correct ____? A. It is also known
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Question:
Which of the following statement about Opportunity Cost is NOT correct ____?
A. It is also known as alternative cost.
B. For an item the cost is what you must give up in order to get it.
C. For inputs, it is the second best what you could earn for alternative uses.
D. For producers, it is the sum of explicit costs and implicit costs.
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