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5 points There Is an oil change firm in town called Oil Pro. The total cost function for Oil Pro is below, Suppose there were
5 points There Is an oil change firm in town called Oil Pro. The total cost function for Oil Pro is below, Suppose there were four other Identical firms to Oil Pro in this market. Given the market supply curve and a demand curve of P= 100 . 20, If demand shifted upward to P = 120-20, what would the short-run profit of each firm be? (assume Symmetric output TO - 125 + 6q' $25 $45 $555 points There Is an oil change firm in town called Oil Pro. The total cost function for Oil Pro is below, Suppose there were four other Identical firms to Oil Pro in this market. Given the market supply curve and a demand curve of P= 100 . 20, If demand shifted upward to P = 120-20, what would the short-run profit of each firm be? (assume Symmetric output TO - 125 + 6q' $25 $45 $55
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