Jim and Lisa Own a Dog-Grooming Business in Champlain,New York,called

question 9

Multiple Choice

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 average total cost (ATC) curve at $22.JL Groomers will make positive economic profits if the market price is:

• A) $14.
• B) between $14 and $22.
• C) below $14.
• D) $22.
• E) above $22.

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Definitions:

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