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Market quantity demanded and quantity supplied functions

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Reference no: EM132075299

If the market quantity demanded and quantity supplied functions are:

QD = 242 - 3P

QS = 64 + 9P

and the firm's marginal cost function is:

MC = 2 + 4q

Assuming there are no costs other than marginal cost, what will be the profits of this firm?

ROUND TO THE NEAREST CENT

Reference no: EM132075299

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