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Alice owns a cafe in the Brisbane CBD. Due to the large number of cafes in area, the market is highly competitive. 1. If
Posted: Thu May 19, 2022 8:26 am
by answerhappygod
- Alice Owns A Cafe In The Brisbane Cbd Due To The Large Number Of Cafes In Area The Market Is Highly Competitive 1 If 1 (26.11 KiB) Viewed 56 times
Alice owns a cafe in the Brisbane CBD. Due to the large number of cafes in area, the market is highly competitive. 1. If Alice experiences economic losses, she would definitely leave the market immediately. 2. Alice is a price taker. 3. If the market price is above the minimum ATC for the profit maximising quantity Alice produces, Alice is making an economic profit Which of the above statements are true: O Only 1 is true. O Only 2 is true. Both 1 and 2 are true. Both 2 and 3 are true. O All three are true.