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Category > Economics Posted 22 Jun 2017 My Price 4.00

The dry cleaning industry

The dry cleaning industry is in monopolistic competition.

In the short​ run, the​ profit-maximizing price is​ $10 per item and the average total cost is​ $6 per item. In the long​ run, the​ profit-maximizing price is​ $8 per item.

In the long​ run, what is the economic profit of a firm in the dry cleaning​ industry?

 

In the long​ run, the economic profit of a firm in the dry cleaning industry is ​$ (answer)

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SuperTutor
(15)
Status NEW Posted 22 Jun 2017 02:06 AM My Price 4.00

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