Question: please answer all questions 1) (4 points) A purely competitive firm in the product market has the following average variable cost (AVC) = 50 +

please answer all questions 1) (4 points) A purely competitive firm

please answer all questions

1) (4 points) A purely competitive firm in the product market has the following average variable cost (AVC) = 50 + 3Q. Assume that the market price is equal to $90 per unit. Calculate the amount of output (Q) produced by this firm

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