Suppose you own a home remodelling company. you are, Ask an Expert

Economics

Suppose you own a home remodelling company. You are currently earning short-run profits. The home remodelling industry is an increasing-cost industry. In the long run, what do you expect will happen to

3a. Your firm's cost of production? Explain.
b. The price you charge for your remodelling services? Why?
c. Profits in home remodelling? Why?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9167460

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