Before entering, fixed cost associated with the industry in question are sunk costs for

A case study of Japanese auto imports during the 1980s focuses on an agreement between Japan and the United States to undertake:

a. a coordinated effort to improve gas mileage. b. a study of wage concessions by Japanese carmakers in the United States. c. a review of unionization and employee benefits in both nations. d. a voluntary export restraint.

The ceteris paribus assumption is employed in economic analysis, in order to:

A. State economic goals B. Simplify the complex world C. Evaluate an economic system D. Approximate real-world conditions