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The hotel market around the Buffalo airport can be considered roughly perfectly competitive. There are a variety of hotels to choose from near to the
The hotel market around the Buffalo airport can be considered roughly perfectly competitive. There are a variety of hotels to choose from near to the airport, and while they are different distances from the airport, they all offer roughly the same quality of services. If a perfectly competitive hotel is represented by the cost curves below, what would its prot or loss be if the short-run market price of hotel rooms were $150? Enter a positive value for a prot and negative value for a loss qo a0 "Biro mi in rooms
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