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Business, 12.05.2021 04:00 VgCarlos3787

Brewsters, a ice cream company, has been fairly successful in its market. Lydia sees an opportunity for profit and enters the market. After producing her profit-maximizing level of output, she finds that her average total cost per unit is $5, her average variable cost per unit is $3, and the market price is $2.50. In the short run, Lydia should Choose one: A. expand production because she is making a positive economic profit.

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Brewsters, a ice cream company, has been fairly successful in its market. Lydia sees an opportunity...
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