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Consider that the C & A Lawnmower Firm operates in a highly competitive industry. The MB(Q) = 100, which means that the price of each

Consider that the C & A Lawnmower Firm operates in a highly competitive industry. The MB(Q) = 100, which means that the price of each service is $100. The estimate for the total cost is given by C(Q) = 100,000 + 20Q + 0.1Q². Use this information to answer the following questions.

What is net benefit maximizing level of output?
What is the total benefit function?
What is the maximum net benefit?

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