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QUESTION 3 15 points Save Ans,- wer A rm's total cost curve of producing Q units is C(Q)=79+20Q. The demand curve in the market is

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QUESTION 3 15 points Save Ans,- wer A rm's total cost curve of producing Q units is C(Q)=79+20Q. The demand curve in the market is P=100-Q. If price is set equal to marginal cost, what level of prot will the rm earn? If the price is set to average cost, what is the equilibrium price and quantity? How much is the deadweight loss? (Hint: to solve for optimal quantity when P=AC, you'll have to solve a quadratic which means you'll get two values for 0. Take the large of the two solutions.) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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