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Firm J operates in a perfectly competitive market, taking price P = $12/unit as given. Firm...

Firm J operates in a perfectly competitive market, taking price P = $12/unit as given. Firm J has total cost of production (q) given by TC(q) = 0.058q^2+ 48q + 600.
11. How much output will Firm J produce given this price of $12/unit? How much profit is Firm J earning given your answer to the previous question?
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