Solved: If the market quantity demanded and quantity supplied, Business Economics

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If the market quantity demanded and quantity supplied

If the market quantity demanded and quantity supplied functions are:

Q_D = 242 - 3P

Q_S = 64 + 9P

and the firm's marginal cost function is:

MC = 2 + 4q

Assuming there are no costs other than marginal cost, what will be the profits of this firm?

ROUND TO THE NEAREST CENT

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Business Economics: If the market quantity demanded and quantity supplied

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