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    shop's profit

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    Consider a shop that produces bagels in a monopolistically competitive market. The graph below shows its demand curve (labeled Demand), marginal revenue curve (labeled MR), marginal cost curve (labeled MC), and average cost curve (labeled AC). Assume that the company is operating in the short run.

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    https://brainmass.com/economics/legislation-regulation/shop-s-profit-101568

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    Solution Summary

    Help is given to explain the shop's profit.

    $2.19