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Economics

For products like parking lots and hotels, costs of building capacity are mostly fixed or sunk and firms in this industry typically face capacity constraints. Therefore,

a. if SRMR>SRMC at capacity, then the firms should price to fill capacity

b. if SRMR

c. if LRMR>LRMC at capacity, then the firms should price to fill capacity

d. if LRMR

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91928242

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