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In a perfectly competitive market each individual firm has the same cost functions: TC = 1140 + 90Q + 0.2Q 2 MC = 90 +

In a perfectly competitive market each individual firm has the same cost functions:

TC = 1140 + 90Q + 0.2Q2

MC = 90 + 0.4Q

The market price is $122.

Use the information above to calculate an individual firm's PROFIT at their optimal quantity.

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