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A Cost That Has Both the Characteristics of Fixed Cost

question 18

Multiple Choice

A cost that has both the characteristics of fixed cost and variable cost is known as a?


Definitions:

Rent Ceiling

A form of price control where a maximum limit is placed on the rent that can be charged for housing.

Equilibrium Rent

The rental price at which the quantity of properties landlords are willing to lease equals the quantity that tenants are willing to rent.

Quota

A type of trade restriction that limits the quantity of a good that can be imported or exported during a specific time period.

Market

Any structure that allows buyers and sellers to exchange any type of goods, services, and information.

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