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-(Exhibit: the Restaurant Market) the Exhibit Shows Curves Facing a Typical

Question 59

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-(Exhibit: The Restaurant Market) The exhibit shows curves facing a typical restaurant in a community. Assume that the market is characterized by many firms, differentiated products, easy entry and easy exit. The restaurant shown here will maximize profits at a quantity of: A) Q<sub>1</sub>. B) Q<sub>2</sub>. C) Q<sub>3</sub>. D) There is not enough information given to answer the question.
-(Exhibit: The Restaurant Market) The exhibit shows curves facing a typical restaurant in a community. Assume that the market is characterized by many firms, differentiated products, easy entry and easy exit. The restaurant shown here will maximize profits at a quantity of:


A) Q1.
B) Q2.
C) Q3.
D) There is not enough information given to answer the question.

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