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Solve the following equation.
Opportunity Cost
Opportunity cost is the cost of foregoing the next best alternative when making a decision, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.
Truck
A motor vehicle designed to transport cargo or goods.
Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost than its competitors, leading to more efficient trade.
Absolute Advantage
The capability of a country, entity, or individual to produce a good or service more efficiently than competitors, using fewer resources.
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