This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.The companies that have high operating leverage have high levels of fixed costs in their cost structure. An example is the telecom company AT&T. The company incurs substantial expenditure to set up towers and telecom networks and as such, it has substantial fixed costs which accrue due to these...
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