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Problem #3 perfectly competitive firm faces the following short run cost function: TC=3E1348Q2+400Q+1696 1. What is the lowest price at which the firm will produce

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Problem #3 perfectly competitive firm faces the following short run cost function: TC=3E1348Q2+400Q+1696 1. What is the lowest price at which the firm will produce a positive output? 2. Suppose that the market price is $100. How much prot or loss will this rm sustain

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