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Earning an economic profit

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Reference no: EM132294150

The market for coffee near Sarbucks stores is perfectly competitive (all firms are price takers). In the short-run, graph marginal revenue, marginal cost, and average total cost for an existing Sarbucks store. How would your graph, or would not, change if the store was losing money? Breaking even? Earning an economic profit?

Reference no: EM132294150

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