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You are the manager of a firm that seils a "commodity" in a market that resembles perfect competition, and your analytics team estimates that your cost finction is C(Q)=3Q+3Q2. Unfortunately, due to production lags, you must make your output decision prior to knowing for certain the price that wil prevall in the market. You believe that there is a 60 percent chance the market price will be $465 and a 40 percent chance it will be $750 a calculate the expected market price b. What ouptut should you produce in order to maximize expected profits? units Chat are your expected proils