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White Lightening Ltd faces a basic economic problem. (a) With reference to Scarcity of Resources and Choice explain the basic economic problem faced by White

White Lightening Ltd faces a basic economic problem. (a) With reference to Scarcity of Resources and Choice explain the "basic economic problem" faced by White Lightning. (b) With reference to White Lightening's current situation explain what is meant by the term 'opportunity cost'.

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