If Mr. White decides to open his sporting goods store, what is the opportunity cost of this decision? O A. The property tax he would pay on the building O B. The profits he would make from his sporting goods store O C. The opportunity to rent it to another tenant O D. The opportunity he has to run his own business

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter10: Monopolistic Competition And Oligopoly
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Problem 16CTQ: Would you rather have efficiency or variety? That is, one opportunity cost of the variety of...
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If Mr. White decides to open his sporting goods store, what is the opportunity cost
of this decision?
Mr. White owns a building in downtown Lawrenceville. He has considered opening a
sporting goods store in the building but has also been approached by someone who would
like to rent the space to open a gym.
O A. The property tax he would pay on the building
B. The profits he would make from his sporting goods store
C The opportunity to rent it to another tenant
D. The opportunity he has to run his own business
Transcribed Image Text:If Mr. White decides to open his sporting goods store, what is the opportunity cost of this decision? Mr. White owns a building in downtown Lawrenceville. He has considered opening a sporting goods store in the building but has also been approached by someone who would like to rent the space to open a gym. O A. The property tax he would pay on the building B. The profits he would make from his sporting goods store C The opportunity to rent it to another tenant D. The opportunity he has to run his own business
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