Which of the following is a determinant of market supply but not the supply curve of an individual firm?
A)The price of factor inputs.
B)Expectations.
C)The number of firms in the market.
D)Technology.

Question

Quizplus · Accepted Answer

The number of firms in the market is a determinant of market supply because it affects the total amount of goods or services supplied in the market. However, it does not affect the supply curve of an individual firm as each firm's supply curve is determined by its own costs and production capabilities. Factors such as the price of factor inputs, expectations, and technology can affect the supply curve of an individual firm.

Which of the Following Is a Determinant of Market Supply