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Suppose the total cost function for a firm is given by C (Q) = 100 + Q2. If the firm sells its output in a

Suppose the total cost function for a firm is given by C (Q) = 100 + Q2. If the firm sells its output in a perfectly competitive market at a price of $10, what level output should the firm produce to maximize profits or minimize losses? What will be the level of profits or losses if the firm makes the optimal decision?

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