'An Irish banking group owns thirty branch offices. There is no opportunity cost to the banking group using these offices as they are fully owned'. True / False.
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Worked Solution & Example Answer:'An Irish banking group owns thirty branch offices - Leaving Cert Economics - Question 7 - 2007
Step 1
True / False
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Answer
False
Step 2
Explanation
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Answer
The branch offices have opportunity costs because they could either be rented out for income or sold to invest the money elsewhere.
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