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Mark is an engineer who has designed a telecommunications device. He is convinced that there is a big potential market for the device. Accordingly, he

Mark is an engineer who has designed a telecommunications device. He is convinced that there is a big potential market for the device. Accordingly, he has decided to quit his present job and start a company to manufacture and market the device.

The salary that Mark earns at his present employ is:

		a variable cost
		a fixed cost
		a product cost
		an opportunity cost

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