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Suppose that a perfectly competitive firm has Fixed Cost = 65 and Variable Cost = 4q2, so that MC = 8q. What is the maximum
Suppose that a perfectly competitive firm has Fixed Cost = 65 and Variable Cost = 4q2, so that MC = 8q. What is the maximum profit this firm could make if the market price of the good is $80? 7 Note: You will upload this work, along with all the other questions, at the end of the exam. Enter the word "Finished" into the text-box below when ready to move
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