Determine what level of output will the firm produce

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Reference no: EM13238361

In a perfectly competitive market suppose that a competitive firm's marginal cost of producing output q is given by MC(q)=3+2q. Assume that the market price of the product is $9:

A.What level of output will the firm produce?

B.What is the firm's producer surplus?

Reference no: EM13238361

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