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A competitive firm has a total cost (TC) function of the form TC = 100 + 10Q and faces a market price of Kshs 100.

A competitive firm has a total cost (TC) function of the form

TC = 100 + 10Q

and faces a market price of Kshs 100. Show the firm's profit maximizing level of operations. Also

indicate the second order conditions for the profit maximization

problem.

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