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Suppose a firm operates in a perfectly competitive market. Suppose P=20 and MC=10Q. We also know that the total cost function is equal to 40+5Q^2

Suppose a firm operates in a perfectly competitive market. Suppose P=20 and MC=10Q. We also know that the total cost function is equal to 40+5Q^2 if the firm chooses to operate, but to 0 if the firm closes down. What is the optimal Q?

Hint - don't forget the shutdown condition

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