If a competitive firms cost function is C(q) = a + bq + cq2 + dq3, where

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If a competitive firm’s cost function is C(q) = a + bq

+ cq2 + dq3, where

a, b,

c, and d are constants, what is the firm’s marginal cost function? What is the firm’s profit-maximizing condition? (Hint: See Solved Problem 8.2.) M

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