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A profit-maximizing, monopolistically competitive restaurant serves 60 burgers a day at a total cost of $180 and earns a total profit of $180. In the long run, everything else e…
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A profit-maximizing, monopolistically competitive restaurant serves 60 burgers a day at a total cost of $180 and earns a total profit of $180. In the long run, everything else e…
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Jun 16, 2021
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A profit-maximizing, monopolistically competitive restaurant serves 60 burgers a day at a total cost of $180 and earns a total profit of $180. In the long run, everything else equal, the
a.restaurant will charge more than $6 per burger.
b.restaurant's average total cost will rise and its total revenue will fall.
c.restaurant will sell more burgers at a lower average profit per burger.
d.All of the above are correct.
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Answer: All the answers are correct
Step-by-step explanation:
Mentalist
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Jun 20, 2021
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