Business, 31.05.2021 09:50 Nina0016

A perfectly competitive firm, with MC=q operates in a market character, zed by the following market demand and supply conditions: Demand: Q=20000-100P
Supply: Q=100P

How much output does this competitive firm produce to maximize profit? Show your work graphically and algebraically.

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A perfectly competitive firm, with MC=q operates in a market character, zed by the following market...