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Assume a competitive firm faces a market price of $200, a cost curve of: C= 1 3 + 4q + 750, and a marginal cost
Assume a competitive firm faces a market price of $200, a cost curve of: C= 1 3 + 4q + 750, and a marginal cost of: MC = q2 + 4. What is the firm's profit maximizing output level? 14 units. (round your answer to two decimal places) What is the firm's profit maximizing price? $ 200 . (round to the nearest penny) What is the firm's profit? $ 1079.33 . (round to the nearest penny) In the short-run, this firm should shut down
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