Buttercup

Business

3 February, 23:17

A profit-maximizing, monopolistically competitive restaurant serves 60 burgers a day at a total cost of $180 and earns a total profit of $180. In the long run, everything else equal, the

a. restaurant will charge more than $6 per burger.

b. restaurant's average total cost will rise and its total revenue will fall.

c. restaurant will sell more burgers at a lower average profit per burger.

d. All of the above are correct.