Business, 23.10.2019 01:00 jwdblue

Bob runs a pedicure business in a perfectly competitive industry. he knows that he will break even if the price of pedicures is $15 but that he will have to shut down if the price is $11. if the market demand in the industry is p = 30 – (0.2)q and the market supply is p = (0.2)q, in the short run, bob will:

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Bob runs a pedicure business in a perfectly competitive industry. he knows that he will break even i...