Question

Currently, a firm with a cost function of C(Q)=(1/2)Q^2, is producing 30 units in a perfectly...

Currently, a firm with a cost function of C(Q)=(1/2)Q^2, is producing 30 units in a perfectly competitive market. If the price they sell their goods for were $30, how would you describe their short-run situation?

A)They aren't producing enough

B)Impossible to know from this information

C)They are producing too much

D)They are maximizing profit

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