You receive $100 as a gift and are deciding how to spend it. You narrow down your
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Question:
You receive $100 as a gift and are deciding how to spend it. You narrow down your choices to A, B, C - each costs exactly $100. Finally you decide to purchase B. What is the opportunity cost of this decision?
A. The value of A and C combined
B. The value of the option you would have chosen if not B
C. $100
D. $300
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