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2) Suppose a firm in a perfectly competitive environment has the following cost function: c(y) = 2y2 + F a) If profits are 200 when
2) Suppose a firm in a perfectly competitive environment has the following cost function: c(y) = 2y2 + F a) If profits are 200 when price is 60, what is F equal to? b) What are the firm's profits as a function of only p and F
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