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Business, 19.07.2021 17:40 SupremeNerdx

a representative firm with short-run total cost given by tc = 10 - 2 q - q 2 operates in a competitive industry where the short-run market demand and supply curves are given by qd = 1,000 – 40 p and qs = –500 + 10 p. its short-run profit-maximizing level of output is:

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