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A firm sells its product in a perfectly competitive market where all firms charge a price of $8.000 per unit.The firm's total costs are given
A firm sells its product in a perfectly competitive market where all firms charge a price of $8.000 per unit.The firm's total costs are given as below :
C(Q) = 5.000.000 + 2.000 Q + Q2
Calculate how much output should the firm produce and how much profit can be received
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