Examine behavior of increasing cost industry

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Reference no: EM1371396

Assume you own the remodeling company. You're currently earning short-run profits. The home remodeling industry is an increasing cost industry. In the long run, what do you expect will happen to:

a. Your firm's costs of production? Explain.

b. The price you can charge for your remodeling services? Why?

c. Profits in home remodeling? Why?

Reference no: EM1371396

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