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1. Suppose marginal costs are $40 and constant. Demand curve of the firm is D = 200-2Q. What is the profit maximising outputs and price?

1. Suppose marginal costs are $40 and constant. Demand curve of the firm is D = 200-2Q. What is the profit maximising outputs and price?
a. 40units and $40
b. 40units and $120
c. 100units and $40
d. 100units and $120

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