What Is Opportunity Cost: A Fundamental Economic Concept
Correction Concepts

What Is Opportunity Cost: A Fundamental Economic Concept

Corrected by Emir Baycan · on When Notes Fly · 12 July 2026 · View published page ↗

Opportunity cost represents the value of the next best alternative foregone when making a decision in economics.

Factually incorrect

Changes accepted

1 edited

Computed from the content the publisher accepted, line by line. Neither the contributor nor CitePep writes this diff by hand.

edit
A 2019 study by Lusardi and Mitchell published in the Journal of Economic Literature
+A 2014 study by Lusardi and Mitchell published in the Journal of Economic Literature

Why this is better

Verified: body already correctly reads 'A 2014 study by Lusardi and Mitchell published in the Journal of Economic Literature'. No citation for this study appears in the article's bibliography section, and no FAQ mention of Lusardi/Mitchell exists, so there was no secondary stale location. Already correct.

More by Emir Baycan in Concepts

All of Emir Baycan's contributions →