Question 10 Multiple Choice Worth 3 points) When you make a choice, the experience from what would have been your second option is called O trade-off O supply O demand O opportunity cost
When you make a choice, the experience from what would have been your second option is called opportunity cost.
What is opportunity cost?
Opportunity costs can be regarded as the economical term that describe the potential benefits that an individual as well as the investor, were not be able to benefit from when they are choosing one alternative over another.
It should be noted that opportunity costs are can be easily overlooked, and hence, When you make a choice, the experience from what would have been your second option is called opportunity cost.
