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Table 17-3 Traci's Hairstyling Is One Salon Among Many in the Market

Question 155

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Table 17-3
Traci's Hairstyling is one salon among many in the market for hairstyling. The following table presents cost and revenue data for Traci's Hairstyling.
Table 17-3 Traci's Hairstyling is one salon among many in the market for hairstyling. The following table presents cost and revenue data for Traci's Hairstyling.    -Refer to Table 17-3.Given the cost and revenue data,Traci's is A) not in a long-run equilibrium.More businesses will enter the hair treatment market in the long-run. B) not in a short-run equilibrium. C) not in a long-run equilibrium.Some businesses currently in the hair treatment market will exit the market in the long-run. D) in a long-run equilibrium.
-Refer to Table 17-3.Given the cost and revenue data,Traci's is


A) not in a long-run equilibrium.More businesses will enter the hair treatment market in the long-run.
B) not in a short-run equilibrium.
C) not in a long-run equilibrium.Some businesses currently in the hair treatment market will exit the market in the long-run.
D) in a long-run equilibrium.

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