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hapter 9 9.1 You are a manager in a perfectly competitive market. The price in your market is $35. Your tota is C(Q)-10+2Q+0.5Q. Marginal cost is 2+Q. (8 points) a. Find the profit-maximizing output in the short.nun. b. What price should you charge in the short-run? c. Will you make any profits in the short-run? If so, find your profit. If not, please explain why yo firm does not make any profits. What will happen in the long run2 d. hint: explain whether other firms enter or existing firms exit; your firms profit in the long-run)
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