(Answered) Perfectly competitive industry

Economics

Managerial Economics:

A firm operates in a perfectly competitive industry. Continue to suppose it has a short run total cost function given by TC = 42000 +0.001q^2. If the market price is 15, what is the highest profit the firm can earn?

(Format: answers must be with 4 of the true value to be counted as correct. Do not include commas, dollar signs, or plus signs.)

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