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You are the manager of a firm that sells its product in a competitive market at a price of $48. Your firm's cost function is

You are the manager of a firm that sells its product in a competitive market at a price of $48. Your firm's cost function is C = 60 + 2Q2. Your firm's maximum profits are:

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  • $192.
  • $228.
  • $348.
  • $576.

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