SSC Steno Grade C and D 6 Aug 2025 Shift 2 Paper

Section: General Awareness

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Question : 75 of 200

Marks: +1, -0

The concept of "opportunity cost" in economics refers to:

The value of the next best alternative forgone when a choice is made.
The cost incurred in the past that cannot be recovered
The cost of all alternatives that are not chosen.
The monetary cost of the most expensive alternative.

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