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Multiple Choice

Insurance is an example of a(n)
Ofixed cost
Oopportunity cost
Ovariable cost
Onone of the above

1 Answer

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Answer:

Step-by-step explanation:

Insurance is an example of a(n):

O fixed cost

Insurance costs are typically considered fixed costs because they remain relatively constant over time and are not directly tied to the level of production or business activity. Businesses and individuals pay a consistent premium for their insurance coverage, regardless of changes in their level of activity.

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