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Simone's lawn-mowing service is a profit-maximizing, competitive firm. Simone mows lawns for $30 each. Her total cost each day is $250, of which $50 is

Simone's lawn-mowing service is a profit-maximizing, competitive firm. Simone mows lawns for $30 each. Her total cost each day is $250, of which $50 is a fixed cost. She mows 5 lawns a day. In the short run, Simone should . In the long run, Simone should the industry

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