[Steps Shown] Suppose you own a home remodeling company. You are currently earning short-run profits. The home remodeling industry is an increasing-cost
Question: Suppose you own a home remodeling company. You are currently earning short-run profits. The home remodeling industry is an increasing-cost industry. In the long run, what do you expect will happen to
- Your firm’s costs of production? Explain
- The price you can charge for your remodeling services? Why?
- Profits in home remodeling? Why?
Deliverable: Word Document 
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