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Assume that the demand function is P = 100 - 2 and the supply function is Qs = 155 + 5P, where Q is quantity
Assume that the demand function is P = 100 - 2 and the supply function is Qs = 155 + 5P, where Q is quantity and P is price (in RM). Fixed cost (FC) is RM 30 and variable cost (VC) is 5Q. Comment the profit situation by using the information above.
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