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4. Suppose the market price in a perfectly competitive market is $100. If a firm has a total cost function of TC=0.00002Q30.02Q2+400Q+50000 (a) Calculate the

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4. Suppose the market price in a perfectly competitive market is $100. If a firm has a total cost function of TC=0.00002Q30.02Q2+400Q+50000 (a) Calculate the firm's optimal output level. (b) What would the firm's short-run profit be? 4. Suppose the market price in a perfectly competitive market is $100. If a firm has a total cost function of TC=0.00002Q30.02Q2+400Q+50000 (a) Calculate the firm's optimal output level. (b) What would the firm's short-run profit be

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