What is the current quantity and profit or loss

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Reference no: EM13974834

A firm in Perfect Competition has a Total Cost Function: TC = 6Q^2 - 8Q + 12 with a current P=$6

a) What is the current Quantity and Profit or Loss?

b) Will firms enter or leave the industry?

c) What will be the long run Price and Quantity?

Reference no: EM13974834

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