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Death Star is a producer of basket-balls. Its cost function is C = 100 - 8Q + Q2 , and its demand function is P
Death Star is a producer of basket-balls. Its cost function is C = 100 - 8Q + Q2 , and its demand function is P = 100 - 2Q. a. What price should DS set to maximize profit in a competitive market? What output does the firm produce? How much profit and consumer surplus does DS generate?
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