Suppose that a perfectly competitive firm has Fixed Cost 20 and Variable Cost 2q 2 , so that MC 4q What is the maximum profit this firm could make if the market price of the good is $24

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Suppose that a perfectly competitive firm has Fixed Cost = 20 and Variable Cost = 2q 2 , so that MC = 4q. What is

Suppose that a perfectly competitive firm has Fixed Cost = 20 and Variable Cost = 2q², so that MC = 4q. What is the maximum profit this firm could make if the market price of the good is $24?

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