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[MUST SHOW WORK] The store owner in a competitive market sells 1,000 milkshakes per day at $2.00 each. For environmental reasons, the store owner decides
[MUST SHOW WORK] The store owner in a competitive market sells 1,000 milkshakes per day at $2.00 each. For environmental reasons, the store owner decides to switch to paper straws. These straws costs 3 cents more, so that average cost of a milkshake is now $1.03. How much profit does the store receive now?
Select one:
A.$2000
B.$600
C.$1000
D.$970
E.Not enough information to calculate profit.
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