Suppose a firm has the following total cost function TC = 100 +2q^2.Ifthe market priceequals $20, A)

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Suppose a firm has the following total cost function TC = 100 +2q^2.Ifthe market priceequals $20,

A) whatis the firm'sprofit maximizing q?

B)What are its short-run profits?

C) If there are identical firms in the industry, is there an incentive for new firms to enter in the long run?Explain.

Posted Date: Jun 25, 2024 10:31 PM

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Suppose a firm has the following total cost function TC = 100 +2q^2.Ifthe market priceequals $20, A)

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