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Now suppose that, in addition to its existing capital and labor inputs, Kendall Square, Inc must hire a manager for a fixed amount of $54

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Now suppose that, in addition to its existing capital and labor inputs, Kendall Square, Inc must hire a manager for a fixed amount of $54 in order to function properly. Suppose that all firms have the same long-run cost function as Kendall Square, Inc (they must also hire a similar manager), and the market demand is given by D(p)=9720p. Suppose there are 59 other identical firms in the market (i.e. 60 identical firms in total) and no entry or exit due to government regulation. What is the firm's profit? J=

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