How much profit does the competitive firm make

Reference no: EM13224757

Competitive Firm Suppose the competitive market price is $84, and a competitive firm's total costs = 4q2 - 4q + 100 and marginal cost = 8q - 4.
a. Solve for the profit-maximizing (or loss minimizing) quantity (q*).
b. What is the market equilibrium price?
e. How much profit does the competitive firm make?

Reference no: EM13224757

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