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A competitive firm faces the following market price: P=200. Variable costs are C(Q)=Q 2. The firm also pays $17000 in costs that do not depend

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A competitive firm faces the following market price: P=200. Variable costs are C(Q)=Q 2. The firm also pays $17000 in costs that do not depend on production (even if q=0). Hint - marginal cost is MC(Q)=2*Q NOTE - KEEP YOUR CALCULATIONS. THIS INFORMATION WILL BE USED IN MULTIPLE QUESTIONS What is the profit of this firm (ECONOMIC profit, ignoring sunk costs) O 10000 Oo -17000 O -7000

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