What economic concept represents the value of the next best alternative foregone? 👤 By TheQuizWire ✅ Fact Checked 📊 Difficulty Medium 📅 Last Updated 01 Dec 2025 A. Marginal Utility B. Sunk Cost C. Opportunity Cost D. Transaction Cost Check Answer 💡 Explanation: Opportunity cost is the benefit missed when choosing one alternative over another, reflecting the trade-off in decision-making. 📚 Topics: Business and Economics Economics 🎯 Exams: CSS GEN NTS PMS
