Use the Following to Answer Question(s): the Restaurant Model

question 226

Multiple Choice

Use the following to answer question(s) : The Restaurant Model

-(Exhibit: The Restaurant Market) The exhibit shows curves facing a typical restaurant in a community.Assume that the market is characterized by many firms, differentiated products, easy entry and easy exit.For the restaurant shown here, its profit per unit is:

• A) ae.
• B) fd.
• C) bf.
• D) bd.

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