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A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm estimates its total
A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm estimates its total costs as TC=200+10q+2.5q2 and its marginal cost is MC=10+5q.
1. Determine each firm's marginal revenue, MR.
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