=+ Will the first sushi restaurant be able to sustain its short-run profit over 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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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....
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=+ 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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=+ Will the first sushi restaurant be able to sustain its short-run profit over the long run?

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Economics

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