Reply to the following prompts by using the company for which you currently work, a business with which you’re familiar, or the dream business you…

Reply to the following prompts by using the company for which you currently work, a business with which you’re familiar, or the dream business you want to start:

• Do you think it’s easy for your selected business to enter this same industry?
• What are some key fixed, variable, implicit, and/or opportunity costs?