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We are in a position where a profit-maximizing firm facing a downward-sloping demand curve has a P = 2,000 - 4Q and a marginal cost of MC = 1,000. How many units will the firm produce?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Firms In Competitive Markets

Section: Chapter Questions

Problem 5CQQ

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We are in a position where a profit-maximizing firm facing a downward-sloping demand curve has a P = 2,000 - 4Q and a marginal cost of MC = 1,000. How many units will the firm produce?

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