Question: (c) Suppose you are considering whether or not to start up a store in a particular neighborhood, where your competitor already has a store. The

(c) Suppose you are considering whether or not to start up a store in a particular neighborhood, where your competitor already has a store. The rental price for this location is quite high, so that the break- even gure for sales is $400,000. How high do you estimate total neighborhood income has to be before you can expect to make a profit on average at this location? Use your estimated model from part (b) to answer this

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