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The Market Supply in a Perfectly Competitive Market Is

Question 118

Multiple Choice

The market supply in a perfectly competitive market is:


A) fixed at a specific amount.
B) the sum of the quantities that each individual producer is willing to supply.
C) the total quantity of a good that the biggest market shareholder supplies at a given price.
D) derived from the marginal cost curves of each firm after marginal cost hits average total cost.

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