Title: The Impact of Opportunity Costs and Scarcity on a Selected Business

Opportunity costs is a key concept in economics. Identify and describe two opportunity costs you might incur when making decisions for the business you selected in the discussion board. Keep in mind that these costs may be monetary or non-monetary.
Part 2:
Scarcity occurs because we have unlimited wants and limited resources. How do you see scarcity impacting your selected business?
Submit
Submit a Word document containing your assignment and the following requirements:
At least 3 well-developed paragraphs
APA Requirements
1” inch margins
Times New Roman 12 pt font
Double-Spaced
Title Page
Reference Page

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