Three firms have identical revenue and profit functions. firm 1 is a private sector firm operated by an owner-manager who wishes to maximize profit. firm 2 is managed by an revenue-maximizing manager whose pay is proportional to the firm's revenue. firm 3 is a government-owned firm that has been instructed to maximize the amount of employment, l, subject to the constraint that revenue must not be negative. each of the three firms has a revenue function r(q)equals180qminus2q squared and a cost function of c(q)equals80plus20q. determine how much output each firm chooses.
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