Which of the following best describes the concept of opportunity cost?

Which of the following best describes the concept of opportunity cost?
  • A.
    a special bargain or scale at below market price
  • B.
    Cost of input tends to go up as we use more of them
  • C.
    Goods that are not produced in order to produce more of another good
  • D.
    A cost that constantly decreases
Correct Answer: Option C
Explanation
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