Question

Toby operates a small deli downtown. the deli industry is monopolistically competitive. toby says he is producing the quantity that minimizes his average total cost. assuming that toby is maximizing profits, his

Answer 1

Here is the answer that completes the statement above.
Regarding the situation of Toby who runs a small deli downtown, if he is already maximizing his profits, therefore, we can say that the number or amount of delis will soon increase or rise. Hope this answers your question.