giving up one or all alternatives to obtain another the value of the second-best alternative, which is given up when making a choice among alternatives the additional cost of making a change or a choice a condition in which the quantity of a resource is limited in comparison to the number of people who want that resource comparing the additional costs and additional benefits of a choice scarcity trade-off >β
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giving up one or all alternatives to obtain another the value of the second-best alternative, which...
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