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Represents the price per unit

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Suppose company XYZ produces a differentiated commodity. The company has substantial control over the price of the product. The company's cost function is estimated to be TC = 200 - 20Q + Q2, where Q is the volume per day. The firm also has the following demand equation P = 60 - 2Q, where P represents the price per unit and Q the volume of daily sales.

Given above information how much profit will the company make or how much loss will the company incur?

Reference no: EM131079683

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