ECONOMICS

PLEASE GIVE DETAIL “Looking Closely at Cost and Competition”Watch this video, Revenue, Profits, and Price: Crash Course Economics #24, to help you prepare for this week’s discussion.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?ATTACHED VIDEO LINKhttps://www.youtube.com/watch?v=UWImfFax8Ew

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