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The opportunity cost of starting your own business is
depend on the quantity of a good or service produced
shortage
equal to demand
Supply curve is displayed
increases as price increases
equal to the amount you could have earned by choosing a different path
has a monopoly
rent
An example of a fixed cost would be
depend on the quantity of a good or service produced
shortage
equal to demand
Supply curve is displayed
increases as price increases
equal to the amount you could have earned by choosing a different path
has a monopoly
rent
Supply curve is displayed
depend on the quantity of a good or service produced
shortage
equal to demand
Supply curve is displayed
increases as price increases
equal to the amount you could have earned by choosing a different path
has a monopoly
rent
The variable costs of a business
depend on the quantity of a good or service produced
shortage
equal to demand
Supply curve is displayed
increases as price increases
equal to the amount you could have earned by choosing a different path
has a monopoly
rent
If a business has a sale, the prices would fall into which category?
depend on the quantity of a good or service produced
shortage
equal to demand
Supply curve is displayed
increases as price increases
equal to the amount you could have earned by choosing a different path
has a monopoly
rent
At the equilibrium price, supply is
depend on the quantity of a good or service produced
shortage
equal to demand
Supply curve is displayed
increases as price increases
equal to the amount you could have earned by choosing a different path
has a monopoly
rent
A company that controls all of a market
depend on the quantity of a good or service produced
shortage
equal to demand
Supply curve is displayed
increases as price increases
equal to the amount you could have earned by choosing a different path
has a monopoly
rent
The supply curve shows that the quantity produced of a good or service
depend on the quantity of a good or service produced
shortage
equal to demand
Supply curve is displayed
increases as price increases
equal to the amount you could have earned by choosing a different path
has a monopoly
rent
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