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Solve clearly Question 3 MacDonald is a monopolistically competitive firms operating with demand and cost functions as: Q = 24 -2P 0(0) 6 + 3Q

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Question 3 MacDonald is a monopolistically competitive firms operating with demand and cost functions as: Q = 24 -2P 0(0) 6 + 3Q +02 a. Find the inverse demand function for MacDonald J L b. Calculate the price and quantity o. How much profit (losses) MacDonald earns d. If you are managing MacDonald, what is your expectation about the burger industry in the future

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