Project executive of monopolistically competitive firm

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You are the project executive of a monopolistically competitive firm. The present demand curve is P=100-4Q . Your total cost equation is C(Q)=50+8.5Q2 , and MC = 17Q a. What level of output should you set to maximize profits? b. What price would you charge? c. What will happen in your market in the long run? Explain.

Reference no: EM131112768

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