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Basic Question 0 of 11
The first step of understanding economies of scale is to analyze:
B. COGS.
C. different types of tax rates.
A. fixed costs.
B. COGS.
C. different types of tax rates.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.

Andrea Schildbach
Learning Outcome Statements
demonstrate the development of a sales-based pro forma company model
CFA® 2025 Level I Curriculum, Volume 3, Module 12.