Why would it be a mistake to treat opportunity costs and explicit monetary costs as identical?

A. Because sometimes the market does not function well.
B. Because opportunity costs are different for different goods.
C. Because there are trade-offs involved in any decision.
D. Because of existence of efficient markets.


Answer: A

Economics

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It has been generally observed that most trade in the world occurs between a developed and a less-developed nation rather than between industrial or developed nations

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Economics