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Discuss the Facebook "revolution." How does Erving Goffman's concept of impression management relate to the development of these websites? Are you on Facebook? Why or why not? Do you have any concerns about being on it?
Opportunity Cost
The cost of forgoing the next best alternative when making a decision, reflecting the potential benefits one misses out on when choosing one option over another.
Bowed Outward
Describes a curve on a graph, typically a production possibility frontier, indicating increasing opportunity costs when shifting resources between two goods.
Opportunity Cost
The cost of choosing one option over another, typically the best alternative forgone as a result of making a decision.
Efficient
Efficiency refers to the optimal production and distribution of resources in a way that best meets the needs and desires of consumers.
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