Question
The demand for premium chocolate continues to grow, said Joan Steuer, found of Chocolate Marketing. There are two sides to this growth: There's the chocolate
"The demand for premium chocolate continues to grow," said Joan Steuer, found of Chocolate Marketing. There are two sides to this growth: There's the chocolate confections themselvesfancy artisan chocolates, such as those produced by Gatineau chocolatier Gaetan Tessier; and there's the packaging. Steur says that chocolate confections are being sold in "exquisite" packages that "push the envelope on pricing."
Can Tessier's company make a positive economic profit in the long run?Will it have either excess capacity or a markup in the long run?
A.
In the long run, Tessier's company makes positive economic profit. The company does not have excess capacity and does not have a markup
B.
In the long run, Tessier's company does not make positive economic profit. The company does not have excess capacity and does not have a markup.
C.
In the long run, Tessier's company makes positive economic profit. The company has excess capacity and it has a markup.
D.
In the long run, Tessier's company does not make positive economic profit. The company has excess capacity and it has a markup.
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