A representative firm with short-run total cost given by TC=50+2q+2q2 operates in a competitive industry where the short-run market demand and supply curves are given by
QD=1,410−40P and QS=−390+20P. Its short-run profit-maximizing level of output is:.
a. 0 units.
b. 1 unit.
c. 2 units.
d. 5 units.
e. 7 units.

n

explanation:

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