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High operating leverage represents increased risk associated with relatively: High variable costs in the firm's cost structure. High fixed cost in the firm's cost structure.

High operating leverage represents increased risk associated with relatively:

High variable costs in the firm's cost structure.

High fixed cost in the firm's cost structure.

High sales revenue combined with high variable costs.

High asset turnover.

High levels of unit-level (i.e., volume-related) costs.

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