Lenora and Uma own a dog-grooming business in upstate New York, called Pawkeepsie Groomers. The dog-grooming service market is perfectly competitive. Pawkeepsie Groomers experiences normal cost curves, with the marginal cost (MC) curve crossing average variable cost (AVC) at $14 and average total cost (ATC) at $22.

#6. Pawkeepsie Groomers will make positive economic profits if the market price is a. $14. b. between $14 and $22. c. below $14. d. $22. e. above $22.

#7. Pawkeepsie Groomers will always shut down if the market price is a. $14. b. between $14 and $22. c. below $14. d. $22. e. above $14.