At a price of $1,000,Dell Computer Co.is willing to sell 20 laptops and Lenovo is willing to sell 40 laptops.Hewlett Packard will only sell laptops if the price is $1,300 or higher.From the point of view of Hewlett Packard,$1,300 is the
A) minimum supply price.
B) minimum cost.
C) equilibrium price.
D) minimum loss price.
Correct Answer:
Verified
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