Hi, please help explaining the answer to this question A firm sells its product in a competitive market where all firms charge a price of USD 4000 per unit The firm's total costs are given as below C(Q) 200 10Q Q 2 a How much output should the firm produce in order to maximize profit b What is the difference between production (and cost) in the short run and the long run c In what sense competitive market is an ideal market structure Thank you

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Question: Hi, please help explaining the answer to this question A firm sells its product in a competitive market where all firms charge a price of

Hi, please help explaining the answer to this question

A firm sells its product in a competitive market where all firms charge a price of USD 4000 per unit. The firm's total costs are given as below: C(Q) = 200 + 10Q + Q² a. How much output should the firm produce in order to maximize profit? b. What is the difference between production (and cost) in the short-run and the long-run? c. In what sense competitive market is an ideal market structure?

Thank you.

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Do not take criticism personally, even if it is meant to be personal.

2. To understand that as a general rule it takes about 3 minutes before the other part(s) have made up a 90% impression of you.

3. To understand that the first impression means a lot, and it takes a lot of energy to change this first impression.