Question: Opportunity cost is best defined as Select one: a.the amount given up when choosing one activity over the next best alternative. b.a profit that is

Opportunity cost is best defined as

Select one:

a.the amount given up when choosing one activity over the next best alternative.

b.a profit that is greater than the one currently being made.

c.money spent on an activity that could be used in another alternative.

d.the amount given up when choosing one activity over all other alternatives.

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