Examlex
Which of the following costs would LEAST likely be a fixed cost?
Restaurants
Establishments where food and drinks are prepared and served to customers.
Long Run
A period of time in which all factors of production and costs are variable, and firms can enter or exit the industry.
Market Entry
The process by which a new competitor enters an existing market to offer goods or services.
Profits Maximize
The process of adjusting production and operations to achieve the highest possible profit margins.
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