Larry, Curly, and Moe run the only saloon in town. Larry wants to sell as many drinks as possible without losing money. Curly wa

Question

3 years ago

6

Larry, Curly, and Moe run the only saloon in town. Larry wants to sell as many drinks as possible without losing money. Curly wa

nts the saloon to bring in as much revenue as possible. Moe wants to make the largest possible profits. Using a single diagram of the saloon’s demand curve and its cost curves, show the price and quantity combinations favored by each of the three partners. Explain.

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1 answer:

charle [14.2K] · Answer 1 · 2022-07-31T01:46:21+03:00

charle [14.2K]3 years ago

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Answer:In this case, Larry wants to sell as many drinks as possible without losing money. Thus, he wants to set quantity where price (demand) equals average.

Explanation: just trying to help