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assume that a firm is operating in a market which is perfectly competitive and and the firm in this market has the following total cost

assume that a firm is operating in a market which is perfectly competitive and and the firm in this market has the following total cost and marginal cost functions

TC= 500+ 0.1q2

MC= 0.2q

calculate total fixed cost, total variable cost,total cost, total revenue and the profit of the firm at the profit maximizing output

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