Question: A firm has the following total cost function: C = 50 + 24q - 12q2+ 3q3, which means it has MC = 24 - 24q
A firm has the following total cost function: C = 50 + 24q - 12q2+ 3q3, which means it has MC = 24 - 24q + 9q2. What is the minimum price necessary for the firm to stay open in the short run?
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