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You are the manager of a firm that sells its product in a competitive market. You have the following information regarding costs in the firm:
You are the manager of a firm that sells its product in a competitive market. You have the following information regarding costs in the firm: C(q)=64+4q2. What is the level of output compatible with zero economic profits? A. 4 B. 5 C. 10 D. 16 E. Not enough information since we are not given a price.
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