Suppose a firm in a perfectly competitive industry has a
Suppose a firm in a perfectly competitive industry has a short run total cost function given by TC=1100+0.02Q^2 and a marginal cost given by MC=0.04Q. If the market price is 12, what will the firm’s short run profits be?
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suppose a firm in a perfectly competitive industry has a short run total cost function given by tc1100002q2 and a
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