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Bette's Breakfast, a perfectly competitive eatery, sells its Breakfast Special (the only item on the menu) for $5.00. The costs of waiters, cooks, power, food
Bette's Breakfast, a perfectly competitive eatery, sells its "Breakfast Special" (the only item on the menu) for $5.00. The costs of waiters, cooks, power, food etc. average out to $3.95 per meal; the costs of the lease, insurance, and other expenses average out to $1.25 per meal. Bette should:
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