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QUESTION
Week 3 | DiscussionCOLLAPSE"Looking Closely at Cost and Competition"Watch this video, Revenue, Profits, and Price: Crash Course Economics #24, to help you prepare for this week’s discussion.Reply
Week 3 | DiscussionCOLLAPSE
"Looking Closely at Cost and Competition"
Watch this video, Revenue, Profits, and Price: Crash Course Economics #24, to help you prepare for this week’s discussion.
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?
Discuss with your peers:
- Read one of your peer’s posts and share another idea for a type of cost.
