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A firm in an oligopolistic industry has the following demand and total cost equations:
P = 600 - 20Q
TC = 700 + 160Q + 15Q^2

Calculate:
a. quantity at which profit is maximized.

b. maximum profit.

c. quantity at which revenue is maximized.

d. maximum revenue.

e. maximum quantity at which profit will be at least $580.

f. maximum revenue at which profit will be at least $580.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91093049

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