Question: It's time again to explore this week's session with your colleagues! Select a relevant microeconomics industry of your choice in the region in which you

It's time again to explore this week's session with your colleagues! Select a relevant microeconomics industry of your choice in the region in which you reside. Differentiate between the firm's implicit and explicit cost and discuss the firm's variable and fixed costs. For your chosen industry please express whether your firm is economically viable or not. Is your firm profitable? Do they have an optimistic or uncertain outlook for the near future?

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