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QUESTION 5 A firm is in a perfectly competitive industry where the market price for its product is $32 The firm's cost function is: TC(Q)

QUESTION 5 A firm is in a perfectly competitive industry where the market price for its product is $32 The firm's cost function is: TC(Q) =1,225 + 25Q+0.01Q2 Calculate the profit maximizing quantity for this firm

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