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Business Economics questions are below. Preferably just answer 3 question A, B, and C. Please provide the answer with the formula. 3. (25 pts.) (LO

Business Economics questions are below. Preferably just answer 3 question A, B, and C. Please provide the answer with the formula.

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3. (25 pts.) (LO 02 & 03) Sinovac Biotech is biopharmaceutical company that recently developed the CoronaVac vaccine for the COVID-19 virus that has spread rapidly around the world. Sinovac Biotech produces the vaccine in China and exports it to Indonesia. While there are several vaccines available in the market assume that due to an agreement with the Indonesian government that Sinovac has exclusive rights to the Indonesian market and will therefore be the only COVID-19 vaccine available in the country. Given this agreement, the inverse demand for CoronaVac is given by the demand curve: P = 1000 -(n+1)/3*q, where n represents the last digit of your phone number. The costs incurred by the firm are given by the equation: TC = 5000 + 4*q2 and Marginal costs are given by the equation: MC = 8*q. . a. Solve for the profit maximizing quantity of CoronaVac under these conditions b. Solve for the profit maximizing price of CoronaVac under these conditions c. Solve for the total profits earned by Sinovac for CoronaVac d. Evaluate the current agreement between the Indonesian government and Sinovac. What type of market does this create? What are the drawbacks of this agreement? What policies would you suggest to improve it

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