San Diego State University FIN 321 Final Exam Cheat Sheet Fin321 Competition: Pure Competition (1) • Given a total cost (TC) formula and quantity demanded for your product formula (Q(P)), you will calculate the price and quantity you should expect to maximize the firms profits (a) and what profits the firm is expected to earn (b) with graphs. • Step 1: Find the marginal cost ( ...[Show More]
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