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Q5. For a perfect competitive firm, the following short run function in given TC=2+4Q+Q2 If the price of the product prevailing in the market is

Q5. For a perfect competitive firm, the following short run function in given

TC=2+4Q+Q2

If the price of the product prevailing in the market is Rs. 9 at what level of the output the firm will maximize the profit?

a) Use TR and TC approach.

b) Use MR and MC approach.

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