Firm operating in perfectly competitive market

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Bob’s lawn-mowing service is a profit-maximizing firm operating in a perfectly competitive market. Bob mows lawns for $27 each. His total cost each day is $280, or which $30 is a fixed cost. He mows 10 lawns a day. What are Bob’s decision rules about when to shut down and when to exit the market? Answer using numbers

Reference no: EM131088467

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