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A company produces and sells a product in a perfectly competitive market. The total cost function for producing the product is given by TC =

A company produces and sells a product in a perfectly competitive market. The total cost function for producing the product is given by TC = 100 + 2Q^2, where Q is the quantity produced. The market price for the product is $20 per unit. Determine the quantity of the product that the company should produce to maximize profit. Show all calculations.

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