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    Profit Maximization

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    A firm in oligopolistic industry has the following demand and total cost equations:

    P= 600 -20Q
    TC = 700 + 160Q + 15Q(squared)

    Please Calculate and show calculations

    a. quantity at which profit is maximized.
    b. maximum profit
    c. quantity at which revenue is maximized
    d. maximum revenue
    e. maximum quantity at which profit will be at least $580
    f. maximum revenue at which profit will be at least $580

    © BrainMass Inc. brainmass.com October 9, 2019, 6:16 pm ad1c9bdddf
    https://brainmass.com/economics/microeconomics/profit-maximization-83698

    Solution Summary

    Excel file contains calculations of:
    a. quantity at which profit is maximized.
    b. maximum profit
    c. quantity at which revenue is maximized
    d. maximum revenue
    e. maximum quantity at which profit will be at least $580
    f. maximum revenue at which profit will be at least $580

    $2.19