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Hungry Jacks is one of the fast foods firms in Sydney with the following short run cost curves. (a)Use 2 characteristics to explain the market

Hungry Jacks is one of the fast foods firms in Sydney with the following short run cost curves.

(a)Use 2 characteristics to explain the market structure for Hungry Jacks company

(b)What price does Hungry Jacks charge and what quantity will the firm produce to maximize profit?

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