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Suppose that monopolistically competitive firm demands function is given by the equation p=11,100-30Q and the firms TC function is given by the equation TC=400,00+300Q-30Q 2

Suppose that monopolistically competitive firm demands function is given by the equation p=11,100-30Q and the firms TC function is given by the equation TC=400,00+300Q-30Q²_+Q³

_{A) Determine the profit maximizing level of output}

B) Calculate the total revenue of the firm

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