Determining profit-maximizing price and quantity

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Reference no: EM1370083

The demand function for product sold by an oligopolist operating in the short run is given below:

QD = 370 - P

The firm's marginal cost function is given below:

MC = 10 + 4Q

Compute the profit-maximizing price and quantity, if the firm operates in short run.

Reference no: EM1370083

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