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A firm sells its product in a perfectly competitive market where other firms charge a price of $110 per unit. The firm estimates its total

A firm sells its product in a perfectly competitive market where other firms charge a price of $110 per unit. The firm estimates its total costs as C(Q) = 60 + 14Q + 2Q2.

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

b. What price should the firm charge in the short run?

c. What are the firms short-run profits?

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