Reply to the following prompts by using the company for which you currently work, a business with which you’re familiar, or the dream business you want to start:
Do you think it’s easy for your selected business to enter this same industry?
What are some key fixed, variable, implicit, and/or opportunity costs?
First, you should explain why you think it is or not, easy for your selected business to enter this same industry.
Second you should explain what some key fixed, variable, implicit, and/or opportunity costs are.
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