Question: 3.3 If a competitive firms cost function is C(q) = a + bq + cq2 + dq3, where a, b, c, and d are constants,

3.3 If a competitive firm’s cost function is C(q) = a + bq + cq2 + dq3, where

a, b,

c, and d are constants, what is the firm’s marginal cost function?

What is the firm’s profit-maximizing condition?

C

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