A firm in a competitive market has the following cost function: C(q)=3q2+3q+12 1-Calculate the closing threshold of
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Question:
A firm in a competitive market has the following cost function: C(q)=3q2+3q+12 1-Calculate the closing threshold of the business. 2-If the market price is $9, is the company making a profit or a loss? Indicate the amount of profit or loss.
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