The opportunity cost for LeBron James was having to choose whether he should play college basketball and then risk injury or to enter the NBA draft.
An opportunity cost is also referred to as alternative forgone and it can be defined as the value, profit or benefits that are given up and forfeited by an individual or business firm, in order to choose or acquire something that is deemed most significant at a particular point in time.
In this context, we can infer and logically deduce that the opportunity cost for LeBron James was having to choose whether he should play college basketball and then risk injury or to enter the NBA draft.
In conclusion, LeBron James was left with the choice of choosing between playing college basketball and then risk injury or to enter the NBA draft.
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