What is the firms profit-maximizing


A firm produces candles. The market for candles is highly competitive, with candles

Currently selling for $10. The firm's short-run total cost function is C= 200 + 0.2q2, so its
Marginal cost is MC= 0.4q.

A. What is the firm's profit-maximizing quantity?

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Econometrics: What is the firms profit-maximizing
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