What is the size of the firms profit

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Question - Suppose that a monopolistically competing restaurant is currently serving 240 per day at that output level ATC per meal is $10 and consumers are willing to pay 13 per meal What is the size of the firms profit or loss B- assume that the allocatively efficiency output level in the long run equilibrium is 200 meals in long run equilibrium suppose that this restaurant charges $11 per meal for 180 meals and that the marginal cost of the 180th meal is $9 What is the size of the firms profit?

Reference no: EM131574571

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