Question: The restaurant industry has low fixed costs and high variable costs. Therefore, you would expect the operating leverage of the industry to be a. about

The restaurant industry has low fixed costs and high variable costs. Therefore, you would expect the operating leverage of the industry to be

a. about the same as the market average for all firms

b. higher than the market average for all firms

c. lower than the market average for all firms

d. unknown; there isn't enough information

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