Review question this figure depicts a situation in a

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Review Question

This figure depicts a situation in a
monopolistically competitive market.
Which of the following will occur in the
long run in this industry?
Review Question
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Review Question
Two restaurants with a focus on
Mexican dining operate in Texama.
Both Mitch's Mexican and Tim's Tacos
need to decide whether to add Zesty
Queso or Fresh Guacamole to their
menus. The circumstances are that
each firm wants to add only one of
the two choices on their menu.
You will find the profits for the stores,
shown as: (1) the payoff to Mitch; (2)
the payoff to Tim.
Tim's Tacos
Zesty Queso
Fresh
Guacamole
Mitch's Mexican
Zesty Queso 5, 5 9, 3
Fresh
Guacamole
3, 9 7, 7
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