What is the new optimal quantity for the firm to produce

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Reference no: EM13199719

In the long-run, outsiders enter the market since they have observed the existing firms are profitable. As more and more firms in the market, the market price is reduce to P = 12. Assuming the MC = 3 + 3Q, what is the new optimal quantity for the firm to produce?

Reference no: EM13199719

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