A perfectly competitive firm has total revenue

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Reference no: EM13944040

A perfectly competitive firm has total revenue and total cost curves given by:

TR = 100QTC = 5,000 + 2Q + 0.2 Q2

a. Find the profit-maximizing output for this firm.

b. What profit does the firm make?

c. What is the Average Cost and at what point Q is it minimal?

Reference no: EM13944040

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