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Which of the following is not a reason perfect competition is a useful simplification, despite the diversity of market types we find in the world?
Operating Leverage
A measure of how revenue growth translates into growth in operating income, due to fixed costs within a company's operating structure.
Variable Costs
Charges that shift in alignment with the volume of business activity.
Operating Income
Income generated from a company's primary business operations, excluding revenue from investments and other non-operational sources.
Sales Mix
The combination of different products or services that a company sells, represented in terms of the proportion each contributes to total sales.
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