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Dont neeed working just correct ans. For a firm in monopolistic competition, the long run average total cost is 5 - 0.3Q + 0.01Q2 (
Dont neeed working just correct ans.
For a firm in monopolistic competition, the long run average total cost is 5 - 0.3Q + 0.01Q2 ( five minus zero point three Q plus zero point zero one Q squared). The price is given by P = 4.75 - 0.2Q.
What is the profit maximizing price?
a.25
b.None of these is correct
c.14
d. 20
Asap please
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