(Answered) The dry cleaning industry is in monopolistic competitionin

Economics

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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Business Economics, Economics

Category:- Business Economics
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