Christine is the general manager of a local automated car wash. The market she operates in is perfectly competitive. All of her competitors in the area charge $7 per car wash, which is also her marginal cost per wash. a. If Christine sets her price at $8, her profits will  Which one? Decrease  Remain the same  increase  . b. If Christine sets her price to $5, her profits will  Which one?  Decrease Increase Remain the same  . c. Christine’s profit maximizing price is  Which one?  $5

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