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Explain the perfect competitive firm

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Reference no: EM133132053

For a perfect competitive firm, the following short run function in given

TC=2+4Q+Q2

If the price of the product prevailing in the market is Rs. 9 at what level of the output the firm will maximize the profit?

a) Use TR and TC approach.

b) Use MR and MC approach.

Reference no: EM133132053

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