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Suppose in the short run perfectly competitive Gm form has Fc = 675 and variable cost = 3q^2 where q is the firms quantity of
Suppose in the short run perfectly competitive Gm form has Fc = 675 and variable cost = 3q^2 where q is the firms quantity of output. Therefore it's marginal cost is MC = 6q. If the market price is P = 120 how much profit will this firm earn if it maximizes its profits? Round your answers to two decimal places
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