You are the manager of XYZ Inc.and must decide how much output to produce to maximize your firm's profit.XYZ and its rival, ABC Corp., produce a good that consumers view as essentially identical.These two firms make up the entire industry, so the market price for the good depends on the total amount produced by the two firms.A survey reveals that the market price of the product depends on total market output as follows:

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The Answer of You are the manager of XYZ Inc.and must decide how much output to produce to maximize your firm's profit.XYZ and its rival, ABC Corp., produce a good that consumers view as essentially identical.These two firms make up the entire industry, so the market price for the good depends on the total amount produced by the two firms.A survey reveals that the market price of the product depends on total market output as follows:

You Are the Manager of XYZ Inc