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7 -A competitive firm has the following total cost function TC = 4Q 2 30Q +450 a) Determine the firm's break-even points if the market

7-A competitive firm has the following total cost function

TC = 4Q2 30Q +450

a) Determine the firm's break-even points if the market price is $150.

b) Show that the profit maximizing level of output is the average of the two break-even

points.

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