A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm’s total costs are 

A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm’s total costs are

C(Q) =50 +10+2Q2

a. How much output should the firm produce in the short run?

b. What price should the firm charge in the short run?

c. What are the firm’s short-run profits?

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