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Business, 06.03.2020 22:05 jonnydean0817

A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm’s total costs are C(Q) = 60 + 12Q + 2Q2.

a. How much output should the firm produce in the short run?
units
b. What price should the firm charge in the short run?
$
c. What are the firm’s short-run profits?
$

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Answers: 2

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