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Business, 26.09.2019 19:10 osiharprasad4061

Market supply is p = 10+0.5q and market demand is p = 150−3q in a perfectly competitive market. if a firm has fixed costs of 60, variable costs v c = 6q2 and marginal cost mc = 15q, which of the following will be true in the short run:
a. the firm will be producing and making positive profits.
b. the firm will be producing, but making a loss.
c. the firm will shut down.
d. not enough information to tell.

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