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What is the firm''s long-run price-quantity combination

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A monopolistically competitive firm has the following total cost function TC = 4Q2 + 30Q + 400 If the demand function for the firm's product is
P = 600 - 30Q where Q 20

(a) Find the firm's profit maximizing level of output and its profit.

(b) What is the firm's long-run price-quantity combination?

(c) What is the equation of the dislocated demand curve associated with the long run situation?

Reference no: EM13877271

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