Removal service is a profit-maximizing-competitive firm

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Barney’s snow removal service is a profit-maximizing, competitive firm. Barney clears driveways for $10 each. His total cost each day is $250, and half of his total costs are fixed. If Barney clears 20 driveways a day, should Barney operate or shut down? If this situation persists, will Barney stay in the industry or exit in the long run?

Reference no: EM13772540

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