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    Opportunity Costs: Defintion and its application

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    Define opportunity cost and explain why it an important factor to consider in financial analysis.

    Cite an example in which it is not possible to measure exactly the opportunity cost of an alternative. Is it possible to measure exactly the opportunity cost of an alternative in most situations?

    © BrainMass Inc. brainmass.com December 15, 2022, 7:44 pm ad1c9bdddf
    https://brainmass.com/business/management-accounting/opportunity-costs-defintion-application-245441

    Solution Summary

    The problem deals with defining opportunity costs and how these costs affect the decision-making of companies.

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