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Lobbying and Political Contributions as Fixed Costs
Expenditures by a firm to gain favorable treatment from government bodies represent a type of fixed cost. These expenses, including lobbying, contributions to election campaigns, and public relations efforts, are generally considered fixed because they do not vary with the firm's level of output.
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Social Science
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Economy
CORE Econ
Economics
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.7 The firm and its customers - The Economy 2.0 Microeconomics @ CORE Econ
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Learn After
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