Table 14-3
The market for Whizzly Jigs consists of many identical firms, each with the cost structure below.Suppose the current market price is $2.

-Refer to table 14-3.Suppose the long-run market competitive equilibrium quantity is 1500 Whizzly Jigs.How many firms are operating in the marketplace?
A) 300
B) 500
C) 750
D) 1500
Correct Answer:
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Q142: A profit-maximising firm in a competitive market
Q143: Graph 14-8 Q144: When entry and exit behaviour of firms Q145: When all firms and potential firms in Q146: The exit of firms from a competitive Q148: In a perfectly competitive market, the process Q149: The entry and exit decisions of firms Q150: According to the information provided, as a Q151: The exit of existing firms from a Q152: Table 14-3![]()
The market for Whizzly Jigs consists
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