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Business, 21.02.2020 03:57 brittainpolk453
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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A profit-maximizing, monopolistically competitive restaurant serves 60 burgers a day at a total cost...
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