Question: Can someone please explain to me how to solve this? Step by step so i can understand Suppose that a perfectly competitive firm has Fixed

Can someone please explain to me how to solve this? Step

Can someone please explain to me how to solve this? Step by step so i can understand

by step so i can understand Suppose that a perfectly competitive firm

Suppose that a perfectly competitive firm has Fixed Cost = 80 and Variable Cost = 2q?, so that MC = 4q. What is the maximum profit this firm could make if the market price of the good is $60

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