=+What will happen to the number of sushi restaurants in town in the long run?

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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Question Posted: Oct 03, 2024 09:00 AM

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1.8. The first sushi restaurant opens in town. Initially people are very cautious about eating tiny portions of raw fish, as this is a town where large portions of grilled meat have always been...
The first sushi restaurant opens in town. Initially people are very cautious about eating tiny portions of raw fish, as this is a town where large portions of grilled meat have always been popular....
3 [9pt] The first sushi restaurant opens in town. Initially people are very cautious about eating tiny portions of raw fish, as this is a town where large portions of grilled meat have always been...
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=+What will happen to the number of sushi restaurants in town in the long run?
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=+a. What will happen to the short-run profit of the sushi restaurant?
=+ Will the first sushi restaurant be able to sustain its short-run profit over the long run?
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=+What will happen to the number of sushi restaurants in town in the long run?

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Economics

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