In the short run,a market consists of 100 identical firms.The market price is $8,and the total cost to each firm of producing various levels of output is given in the table below.What will total quantity supplied be in the market? Quantity
Total Costs
0
$1
1
$7
2
$14
3
$22
4
$31
5
$41
A) 200 units
B) 300 units
C) 400 units
D) 500 units
Correct Answer:
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