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14. A representative firm with short-run total cost given by TC = 50 + 2q + 2q2 operates in a competitive industry where the short-run

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14. A representative firm with short-run total cost given by TC = 50 + 2q + 2q2 operates in a competitive industry where the short-run market demand and supplycurves are given by QD = 1,410 - 40P and Qs = -390 + 20P. Its short-run profit maximizing level of output is A. O units. B. 1 unit. C. 2 units. D. 5 units. E. 7 units

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