A small nation has three gasoline suppliers with a linear monthly market demand equal to: Q = 500,000 - 5P. Each firm's marginal cost (MC) and average total cost (ATC) curves are horizontal at $10,000 per month.
-Refer to the information above. What is slope of the demand curve?
A) - 0.20
B) - 5
C) 0.20
D) 5
Correct Answer:
Verified
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