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run to long run? 12. (8pt) The total cost for a typical perfectly competitive firm can be written as: TC=200-2q+q2 where q represents output per

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run to long run? 12. (8pt) The total cost for a typical perfectly competitive firm can be written as: TC=200-2q+q2 where q represents output per day (tons). The market supply and demand are described as: QS=10+20P QP=150-50P Please determine the firm's short-run profit-maximizing output

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