One feature of the new textbook market is that publishers face ____ fixed costs and ____ variable costs.

Name: One feature of the new textbook market is that publishers face ____ fixed costs and ____ variable costs.
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Publishers face high fixed costs for developing and producing the textbook, such as author fees, editing, and design. However, once the textbook is produced, the variable costs of actually printing and distributing the book are relatively low.

One Feature of the New Textbook Market Is That Publishers