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Mc 2 2q find out the output you must produce the price

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Reference no: EM13388556

You are the manager of a firm that has an exclusive license to produce your product. The inverse market demand curve is P = 1,000 - .5Q. Your cost function is C(Q) = 2Q + Q2 and

MC = 2 + 2Q. Determine the output you should produce, the price you should charge, and your profits.

Reference no: EM13388556

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