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What type of variable costs leads

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When you think of the "Great Depression," does it take you back in time to when you were required to take Social Studies and the topic was first introduced? What lessons have been learned from history by firms in our domestic economy? Why was there a surge of small business bankruptcy in 2023 compared to small business bankruptcies filed in 2020? Have you ever wanted to learn more about the inter-working of firms and why small businesses are struggling to stay afloat? Now, it's your turn to critically analyze the inter-working and failures of firms in the United States.

For this module week's ECONversation, respond to the following prompts.

1. When analyzing the "Great Depression," why did firms fail?

2. Were firms unable to recover their fixed costs?

3. What type of variable costs leads to the closure of firms within our domestic economy?

Reference no: EM133519268

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