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Economics question. Please answer. Thanks You are the manager of a monopolistically competitive firm, and your demand and cost functions are estimated as Q =46

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Economics question. Please answer. Thanks

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You are the manager of a monopolistically competitive firm, and your demand and cost functions are estimated as Q =46 - 2Pand CQ) = 6 +2Q +Q. a. Find the inverse demand function for your firm's product P Q b. Determine the profit-maximizing price and level of production. Instructions: Round your response to the nearest penny (two decimal places). Price: $ Instructions: Round your response to one decimal place Quantity: c. Calculate your firm's maximum profits. Instructions: Round your response to the nearest penny (two decimal places) $ d. What long-run adjustments should you expect? Explain. O Exit will occur until profits rise sufficiently high. Neither entry nor exit will occur. Entry will occur until profits are zero

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