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4.(10 points) In a purely competitive market, the supply and demand equations for the industry, are: Qs=3000+200P and Qd=13500-500P For the firm, the fixed cost

4.(10 points) In a purely competitive market, the supply and demand equations for the industry, are:

Qs=3000+200P and Qd=13500-500P

For the firm, the fixed cost and marginal cost are:

FC=80

MC=15-4Q+5Q2/10

Find optimal output for this firm.

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