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Question 1 You manage a firm producing in a perfectly competitive industry. The firm's total cost function is given by TC = 20 + 30

Question 1 You manage a firm producing in a perfectly competitive industry. The firm's total cost function is given by TC = 20 + 30 + Q- meaning that it has a marginal cost of MC = 3+ 20. If the market price is constant at $15, how much should you produce to maximize profit and how much profit will you make? Output: units Profit: $ Ly Moving to another question will save this response

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