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QUESTION
When inverse demand curve for product is P(Q) = 1200-2Q and total costs of TC(Q) = 20+Q^2.
When inverse demand curve for product is P(Q) = 1200-2Q and total costs of TC(Q) = 20+Q^2. Total revenue for firm is calculated as TR(Q) - P(Q) x Q
-Specify revenue function
-Specify profit function
-Graph
