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Payment made to outsiders for their goods and services are called :
  • a)
    Opportunity cost 
  • b)
    Real cost 
  • c)
    Explicit cost 
  • d)
    Implicit cost 
Correct answer is option 'C'. Can you explain this answer?
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Payment made to outsiders for their goods and services are called :a)Opportunity costb)Real costc)Explicit costd)Implicit costCorrect answer is option 'C'. Can you explain this answer?
Question Description
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