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Identify the conic and select its correct graph.
Opportunity Cost
The potential benefit that one misses out on when choosing one alternative over another.
Trade
The activity of buying, selling, or exchanging goods and services between people, firms, or countries.
Comparative Advantage
The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its trade partners.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision. It represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.
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