Opportunity costs are the additional or incremental revenues generated by selecting a certain course of action.

Name: Opportunity costs are the additional or incremental revenues generated by selecting a certain course of action.
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Opportunity costs refer to the potential benefits that are forgone or sacrificed when choosing one option over another. It is not an additional or incremental revenue but rather the cost of choosing one option over another.

Opportunity Costs Are the Additional or Incremental Revenues Generated by Selecting