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Maximizing profits II 
20071005 

From a student: Suppose there are three firms with the same demand function. The function is Q=100040P. Each firm also a a cost function.
Firm 1: 4000+5Q,
Firm 2: 3000+5Q,
Firm 3: 3000+7Q.
What price should each firm charge if it wants to maximize profits. Answered by Harley Weston. 


