Suppose the GoSports pennant monopoly is broken up and the pennant industry becomes perfectly competitive. We would expect the surplus to increase and surplus to decrease after the breakup.

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?