Question

You are the manager of a firm that produces a product according to the cost function...

You are the manager of a firm that produces a product according to the cost function C(qi) = 160 + 58qi – 6qi2 + qi3. Determine the short-run supply function if:

a. You operate a perfectly competitive business.

b. You operate a monopoly.

c. You operate a monopolistically competitive business.

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