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What level of output should you choose to max profit

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Reference no: EM132479926

1. You are the manager of a monopolistically competitive firm. The present demand curve you face is P=100-4Q. Your cost function is C(Q)=50+8.5Q2 (square).

A. What level of output should you choose to max profit?

B. What price should you charge?

C. What will happen in your market in the long run? Explain!

Reference no: EM132479926

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