Which of the following statements is true? a) The ratio of fixed to variable costs is likely to increase as business activity increases
b) Revenues remain constant, regardless of the level of business activity
c) Variable costs remain constant, regardless of the level of business activity
d) The ratio of fixed to variable costs is likely to decline as business activity increases

Melanie wants to open a restaurant near central park in new york. she understands that there are many restaurants in the vicinity, as well as many restaurant chains with which she has to compete. although it would be easy to get into this market, she plans to profit in it by selling her different dishes at prices that are lower than those of other restaurants. what kind of market structure is melanie planning to use for her restaurant?