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Patricia operates a small tax-preparation firm. What industry best characterizes her industry? The tax-preparation is likely to be ______________________. Given your answer, in the long-run

Patricia operates a small tax-preparation firm. What industry best characterizes her industry? The tax-preparation is likely to be ______________________.

Given your answer, in the long-run equilibrium:

a. Patricia will minimize AC

b. Patricia will maximize AC

c. Patricia will be economically efficient.

d. Patricia's profit will be driven to zero, if there are no barriers to entry.

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