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Hello, Please, I need your help. Please, do not take the answer from other sites. Thank you. Consider a monopolistic competitor with TC=100- 4Q+Q^2. Suppose

Hello,

Please, I need your help. Please, do not take the answer from other sites. Thank you.

Consider a monopolistic competitor with TC=100- 4Q+Q^2. Suppose that the demand for their version of the product is P=50-3Q.

What quantity maximizes their profits? What price do they charge? What profits do they earn in the short run? What will happen to their profits in the long run?

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