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Profit-maximizing quantity

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Reference no: EM131913800

The pre-tax cost function for John's Shoe Repair is C(q) = 99 + 9q - q2, and the firm faces a tax of t = 9.

a. What is the firm's profit-maximizing condition if the market price is p?

b. Also, solve for a single, profit-maximizing quantity in terms of p.

Reference no: EM131913800

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