What economic concept represents the value of the next best alternative foregone? By Ahmed Akber ✅ Fact Checked 📊 Difficulty Medium 📅 Last Updated 13 Aug 2026 A. Sunk Cost B. Marginal Utility 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
