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2 1 5 points Suppose a perfectly competitive firm has the following short - run total cost function: S T C ( q ) =

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Suppose a perfectly competitive firm has the following short-run total cost function: STC(q)=10,000+7,700q+100q2. Calculate the firm's profitmaximizing quantity and profit when the firm faces a constant marginal revenue of $10,700. Round your quantities to the nearest whole number and your prices to nearest cent.
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