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A perfectly competitive market has the following functions: Market supply: P = 12 + 0.006Q Market demand: P = 135 - 0.014Q Each individual firm

A perfectly competitive market has the following functions:

Market supply: P = 12 + 0.006Q

Market demand: P = 135 - 0.014Q

Each individual firm in this market has the same cost functions:

TC = 1200 + 12Q + 0.05Q2

MC = 12 + 0.1Q

Use the information above to calculate an individual firm's PROFIT at their optimal quantity.

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