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Many small communities attempt to block Walmart from opening new stores in their towns. Although a new Walmart location can add hundreds of jobs, it tends to increase traffic and drive "mom and pop shops" out of business. This is an example of which of the following?
Opportunity Cost
The value of the next best alternative foregone as a result of making a decision.
Point E
typically used in the context of graphs, it can represent a specific equilibrium point or any designated point of interest.
Point D
In the context of economics or finance, this term is incomplete without additional context to define its specific relevance.
Opportunity Cost
Overlooking potential benefits from competing options when one is ultimately selected.
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