Which would you expect, If the typical firm in this market

Which would you expect

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Reference no: EM133613843

Problem: Submit the answer and then watch the video feedback. Suppose the market for haircuts is competitive and the price of a haircut is $18. If the typical firm in this market has an average total cost of $16, an average variable cost of $12, and a marginal cost of $18 when it sells 34 haircuts per day, which would you expect?

Reference no: EM133613843

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