Firm A operates in a perfectly competitive industry with price given by P = $61/unit. Firm A's costs are given by TC(q)

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Firm A operates in a perfectly competitive industry with price given by P = $61/unit. Firm A's costs are given by TC(q)

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Firm A Operates In A Perfectly Competitive Industry With Price Given By P 61 Unit Firm A S Costs Are Given By Tc Q 1
Firm A Operates In A Perfectly Competitive Industry With Price Given By P 61 Unit Firm A S Costs Are Given By Tc Q 1 (25.75 KiB) Viewed 37 times
Firm A operates in a perfectly competitive industry with price given by P = $61/unit. Firm A's costs are given by TC(q) = 2q2 + 2q + 11, where q is Firm A's output. What price will Firm A charge to maximize profit? (Note: The answer may not be a whole number, so round to the nearest hundredth) (Note: The numbers may change between questions, so read carefully)
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