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Real-Life Examples of Opportunity Cost
Abstract: How do we define opportunity cost? It’s the 'value of the next-best alternative when a decision is made; it's what is given up,' explains Senior Economic Education Specialist Andrea Caceres-Santamaria.
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https://www.stlouisfed.org/open-vault/2020/january/real-life-examples-opportunity-cost
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Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2026-06-03