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Wikipedia: Opportunity Cost

Curated by ACT

Provides a clear explanation of opportunity cost in a way that is accessible to those new to economics. Includes links to terms that may require further clarification.

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Additional Tags
economic concepts, explicit costs, implicit costs, opportunity costs in production, wikipedia: opportunity cost, opportunity costs
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Classroom Considerations
  • Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
  • This content is from Wikipedia