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You Have Ideas of Owning a Subway After Graduation

question 114

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You have ideas of owning a Subway after graduation. In owning a Subway location, you are entering a ________ agreement.


Definitions:

Price

The fund requirements to procure a product or service.

Profit-Maximizing

A strategy or point where a business achieves the highest possible profit with its current resources and market conditions.

Short Run

A period in economics where at least one input (such as plant size) is fixed, limiting the ability of a firm to adjust to market changes.

Market Price

The current price at which a good or service can be bought or sold in a given market.

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