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Aramco Inc operates in a competitive market with the cost function as follows: TC = 100 + q3 – 12q2 + 60q
a) If the price per unit is $ 20, find equilibrium level of output.
b) Determine the shutdown quantity of this firm.
part a instructionsread the followingbulldonaldson t. 1996 september. values in tension ethics away from home. harvard
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