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In: Economics

20. Let's say a product was traded in a fully competitive market and the market price...

20. Let's say a product was traded in a fully competitive market and the market price of this product was given at 50. The total cost function C=10+2Q+3Q2 indicating the relationship between the total cost and output of this company was given. Find the profit maximization output and profit margin.

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Rahul Sunny answered 9 months ago
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