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Ophelia sells flowers in a perfectly competitive market. Her total cost function, including opportunity costs, is...

Ophelia sells flowers in a perfectly competitive market. Her total cost function, including opportunity costs, is TC = 175 + 0.05Q2

a) If the market price is $5, how many flowers will she sell?

b) Should she operate in the short-run? Answer "yes" or "no"

c) Should she operate in the long-run? Answer "yes" or "no"

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