Ayden is the sole proprietor of a shoe repair shop in Atlanta. His business has been increasing for five years and he is now considering opening a second repair shop downtown. Ayden is putting together a plan, estimating costs, projecting potential revenue of a second shop. Ayden is behaving rationally because

Car brands are a part of ___________ type of market structure

A hair salon offers three services: haircuts, color treatments, and styling. The salon charges $35 for a cut, $65 for a color treatment, and $30 for styling. Last month, the salon sold 68 haircuts, 34 color treatments, and 22 styling sessions. If the salon s costs for the month totaled $2,844, what was its profit? $2,407 $2,406 $2,408 $2,409

What type of market exists when a small number of businesses dominate an industry? oligopoly monopolistic competition  monopoly perfect com