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A firm produces a product in a competitive industry and has a total cost function(TC) of TC(q)=60+6q+2q^2 and a marginal cost function(MC) of MC(q)=6+4q At

A firm produces a product in a competitive industry and has a total cost function(TC) of TC(q)=60+6q+2q^2

and a marginal cost function(MC) of MC(q)=6+4q

At the given market price(P) of $18, the firm is producing 3.00 units of output.

Is the firm maximizingprofit?Yes or No?

.

What quantity of output should the firm produce in the longrun?

The firm should produce (?) unit(s) of output. (Enter your response as an integer.)

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