A firm has a capacity of 1,500 units. It sells its product in a perfectly competitive market where other firms charge a price of $100 per unit. The firm's total cost (in $) are

C(Q) = 35,000 + 80Qup to its capacity level.Market or cost conditions are not expected to change in the future.

Q10.What price should the firm charge?

Q11.How much output should the firm produce in the short run?

Q12.What are the firm's maximum profits?

Q13.Should the company stay in this business in the long run?