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Figure 14-6

Question 167

Multiple Choice

Figure 14-6
In the figure below, panel (a) depicts the linear marginal cost of a firm in a competitive market, and panel (b) depicts the linear market supply curve for a market with a fixed number of identical firms.
Figure 14-6 In the figure below, panel (a) depicts the linear marginal cost of a firm in a competitive market, and panel (b) depicts the linear market supply curve for a market with a fixed number of identical firms. -Refer to Figure 14-6.If there are 200 identical firms in this market,what level of output will be supplied to the market when price is $1.00? A) 2,000 B) 5,000 C) 10,000 D) 20,000
-Refer to Figure 14-6.If there are 200 identical firms in this market,what level of output will be supplied to the market when price is $1.00?


A) 2,000
B) 5,000
C) 10,000
D) 20,000

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