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Business, 10.03.2020 17:06, Ezekielcassese
Joe's Juice Shop operates in a monopolistically competitive market. Joe's is currently producing where its average total cost is minimized. In the long run we would expect Joe's output to:.
a. increase and average total costs to decrease.
b. decrease and average total cost to decrease.
c. remain unchanged as Joe's is doing the best it can.
d. decrease and average total cost to increase.
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Answers: 1
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