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The short-run marginal cost of the Ohio Bag Company is 2Q. Price is $100. The company operates in a competitive industry. Currently, the company is producing 40 units per period.

What is the optimal short-run output? find out the profits that Ohio Bag is losing through suboptimal output.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M946294

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