Business, 25.04.2020 01:49 21121212cutecheytown

Assume a competitive firm faces a market price of $120, a cost curve of: C = one third q cubed plus 20 q plus 500 , and a marginal cost of: MC equals q squared plus 20. What is the firm's profit maximizing output level? nothing units. (round your answer to two decimal places) What is the firm's profit maximizing price? $ 120. (round to the nearest penny) What is the firm's profit? $ nothing. (round to the nearest penny) In the short-run, this firm should ▼ produce shut down .

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Assume a competitive firm faces a market price of $120, a cost curve of: C = one third q cubed plus...

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