Which restaurant owner is making the highest income


Problem: There are three restaurants near each other on Main Street in Smallville, USA. Taco the Town, a Mexican restaurant is a publicly-owned corporation. Thai One On is a chef-owned Thai restaurant. And Burger Queen is a typical American diner owned by a retired doctor. They all have approximately the same amount of business and entry in this market is not currently profitable. Which restaurant owner is making the highest income? Use only the information in the question.

 

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Microeconomics: Which restaurant owner is making the highest income
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