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A FIRM SELLS ITS PRODUCT IN A PERFECTLY COMPETITIVE MARKET WHERE OTHER

A FIRM SELLS ITS PRODUCT IN A PERFECTLY COMPETITIVE MARKET WHERE OTHER

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Author: Christine Farr
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http://theperfecthomework.com/a-firm-sells-its-product-in-a-perfectly-competitive-market-where-other-firms-charge-a-price-of-90-per-unit/

A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm’s total costs are C(Q) = 50 + 10Q + 2Q2.a. How much output should the firm produce in the short run?unitsb. What price should the firm charge in the short run?$c. What are the firm’s short-run profits?


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