Business, 24.04.2020 22:19 ayoismeisalex
Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many buyers and many sellers in the dog-grooming service market. JL Groomers experiences normal cost curves, with the marginal cost (MC) curve crossing average variable cost (AVC) at $14 and the average total cost (ATC) at $22.
JL Groomers will make zero economic profits if the market price is:
a) above $14.
b) $22.
c) between $14 and $22.
d) $14.
e) below $14.
Answers: 2
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Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many...
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