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Opportunity Cost
Opportunity cost represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.
Sports Bar
A bar or tavern that provides a venue for people to watch sporting events, often equipped with multiple large-screen televisions.
Normal Return
The minimum profit needed by investors to justify the capital invested in a business venture, often equated to the opportunity cost.
Total Revenue
Total Revenue is the total amount of money received by a firm from sales of goods or services before any expenses are deducted.
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