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Samuel is the manager of a firm that sells its product in a monopolistically competitive market with (inverse) demand given by P = 40 -

Samuel is the manager of a firm that sells its product in a monopolistically competitive market with (inverse) demand given by P = 40 - 0.5Q. The firm's cost function can be represented by C(Q) =40 + 5Q. What is the firm's marginal cost? a. MC = 80 - 0.5Q b. MC = 40 - 10Q . = 80 - Q d. MC = 10

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