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    perfectly competitive firm's short run cost

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    Assume a perfectly competitive firm's short run cost is TC = 100 + 160Q + 3Q2. If the market price is $196, what should it do?
    a. produce 5 units and continue operating
    b. produce 6 units and continue operating
    c. produce zero units (i.e., shut down)
    d. cannot be determined from the above information

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