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You are the manager of a firm that sells its product in a competitive market with market inverse demand given by P 50 - 05Q. You are a manager in a perfectly competitive market. Your total cost curve is C Q 10 4Q 05Q 2 2 and marginal cost curve is MC Q 4 Q. Your total cost curve is C and x denotes multiplication and Qs denotes the square of Q. Your total cost curve is CQ 10 4Q 05Q 2 What level of profits will you make in the short run. The price in your market is 14.
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