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The following is given for a firm in a perfectly competitive market. For the industry: QS = 3000 + 200 P and QD = 13500
The following is given for a firm in a perfectly competitive market. For the industry: QS = 3000 + 200 P and QD = 13500 - 500 P For the firm: FC = 50 AVC = 15 - 2 Q + (Q2/10) Find the optimal output and the maximum profit for this firm
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Survey of Economics
Authors: Irvin B. Tucker
8th edition
1111989664, 978-1133713357, 1133713351, 978-1111989668
