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(Table: Short-Run Supply Curve) Look at the Table Short-Run Supply

Question 176

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(Table: Short-Run Supply Curve) Look at the table Short-Run Supply Curve.The table lists three supply points for an individual, perfectly competitive firm operating in the short run.If the industry is composed of 120 identical firms, which of the following will be a point on the
short-run industry supply curve?
A.Price = $5; quantity = 1,650.
B.Price = $1,200; quantity = 40.
C.Price = $960; quantity = 3,840.
D.Price = $10; quantity = 4,800.

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Price = $1...

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