The demand for the output of a multi-firm industry is QT = 50 !2.5P. The total cost of production of an individual profit-maximizing firm in this industry is TC1= 4Q1. If this industry is comprised of 4 firms, firm 1's profit is about:
A) $60.
B) $80.
C) $100.
D) $120.
E) None of the above is correct.
Correct Answer:
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