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Jim and Lisa Own a Dog-Grooming Business in Champlain,New York,called

Question 123

Multiple Choice

Jim and Lisa own a dog-grooming business in Champlain,New York,called JL Groomers.There are many buyers and many sellers in the dog-grooming service market.JL Groomers experiences normal cost curves,with the marginal cost (MC) curve minimized at $14 and crosses the average total cost (ATC) curve at $22.JL Groomers will make zero economic profits if the market price is:


A) $14.
B) between $14 and $22.
C) below $14.
D) $22.
E) above $14.

Correct Answer:

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