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AP Microeconomics: Basic Economic Concepts

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Last update by anthonymanucci on 01/28/2010
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AP Microeconomics  Basic Economic Concepts
AP Microeconomics: Basic Economic Concepts
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to review basic concepts of microeconomics in preparation for the AP Microeconomics exam
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Free Flashcard From AP Microeconomics: Basic Economic Concepts
Question: What is opportunity cost?
Answer: the value of the next-best alternative (what you give up when you make a decision)