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A rm in a perfectly competitive market has a short-run total cost function equal to SRTC=4+20q, where q is the number of units the rm
A rm in a perfectly competitive market has a short-run total cost function equal to SRTC=4+20q, where q is the number of units the rm produces. The rm faces a market price of $10. Enter the optimal number of units should this rm produce to prot maximize? Hint: this could be considered a "trick question", but it's easy once you think about the way a rm should prot maximize
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