If the firm sells output in a perfectly competitive market, Business Economics

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If the firm sells output in a perfectly competitive market

Suppose the cost function for your firm is: C = 10 +2Q + 5Q².

If the firm sells output in a perfectly competitive market and other firms in the industry sell output at a price of $35, what level of output should the firm produce to maximize profits or minimize losses? What will be the level of profits or losses in the firm makes optimal decisions?

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Business Economics: If the firm sells output in a perfectly competitive market

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Business Economics: If the firm sells output in a perfectly competitive market

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