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6. Suppose a firm is in a competitive market and the market price of the output is p = 1. Assume that the rm's cost

6. Suppose a firm is in a competitive market and the market price of the output is p = 1. Assume that the rm's cost function is c[q) = $132. Explain why 1; = 2 cannot be a profit maximizing level of output. Do the same for q : 0.5. What is the prot maximizing quantity

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