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For each firm there is a fixed cost of 80 per day and a

Equilibrium? In your? city, there are currently three firms providing oil changes. For each? firm, there is a fixed cost of ?$80 per day and a marginal cost of ?$12 per oil change. Each firm currently maximizes its profit by providing 15 oil changes per day.

This is a? long-run, monopolistically competitive equilibrium if price equals $.

?(Enter your response rounded to the nearest? penny.)

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Business Management: For each firm there is a fixed cost of 80 per day and a

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