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Business, 10.02.2020 23:32 tmontefalcon2424

Bob runs a pedicure business in a perfectly competitive industry. He knows that he will break even if the price of pedicures is $15 but that he will have to shut down if the price is $11. If the market demand in the industry is P = 30 – (0.2)Q and the market supply is P = (0.2)Q, in the short run, Bob will:

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