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Business, 27.07.2021 15:40 lilo1841

Kate’s 24-Hour Breakfast Diner menu offers one item, a $5.00 breakfast special. Kate’s variable costs (e. g., servers, cooks, electricity, food, etc.) per meal average $3.95. Her fixed costs (e. g., rent, insurance, cleaning supplies and business license) per meal average $1.25. Since the market is perfectly competitive, Kate should

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Kate’s 24-Hour Breakfast Diner menu offers one item, a $5.00 breakfast special. Kate’s variable cost...
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