A New York City cab operator appears to be making positive profits in the long run after

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A New York City cab operator appears to be making positive profits in the long run after carefully accounting for the operating and labor costs. Does this violate the competitive model? Why or why not?

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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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Question Posted: Feb 25, 2019 06:13 AM

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A New York City cab operator appears to be making positive profits in the long run after

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No it does not viola...View the full answer

Intermediate Microeconomics

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