Assignment:
Watch this video, Revenue, Profits, and Price: Crash Course Economics 24, to help you prepare for discussion.
Use the company for which you currently work, a business with which you're familiar, or the dream business you want to start to reply to these prompts:
1. Do you think it's easy for your selected business to enter this same industry?
2. What are some key fixed, variable, implicit, and/or opportunity costs?