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Assume a firm has a high operating leverage and sales decrease. Which of the following is true? a . The firm has a high proportion

Assume a firm has a high operating leverage and sales decrease. Which of the following is true?
a.
The firm has a high proportion of fixed costs.
b.
The firm has less opportunity for higher profits with an increase in sales.
c.
The firm has a high proportion of variable costs.
d.
The first has a lower contribution margin compared to a firm with a low operating leverage.

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