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Suppose that a monopolistically competitive restaurant is currently serving 225 meals per day. At that output level, ATC per meal is $12 and consumers are
Suppose that a monopolistically competitive restaurant is currently serving 225 meals per day. At that output level, ATC per meal is $12 and consumers are willing to pay $16 per meal. per day. (Enter your response as a whole number and include a negative sign if you are entering a loss.) This rm will have an economic V of $ V . There will be V the industry. The remaining restaurants will face a demand curve that has shifted to the This firm will have an economic of $ per day. (Ente There will be the industry. The remaining restaura entry into exit from
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