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You are the manager of a firm that sells its product in a competitive market at a price of $ 4 0 . Your firm's

You are the manager of a firm that sells its product in a competitive market at a price of $

40 .

Your firm's cost function is C

= 60 + 4

2 .

Your firm's maximum profits are

. 36 .

. 60 .

. 40 .

. 80

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