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Business, 15.04.2020 23:53 gennhill14

Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many buyers and many sellers in the dog-grooming service market. JL Groomers experiences normal cost curves, with the marginal cost (MC) curve minimized at $14 and crosses the average total cost (ATC) curve at $22. JL Groomers will make zero economic profits if the market price is:

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Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many...
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