a) What is the own-price elasticity of demand facing a typical restaurant?
b) For a typical restaurant, what is the profit-maximizing price of a typical entrée?
c) At the profit-maximizing price, how many patrons does a typical restaurant serve per month? Given this number of patrons, what is the average total cost of a typical restaurant?
d) What is the long-run equilibrium number of Thai restaurants in the Evanston market?

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4,000,000 p-)