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-In the Above Figure, Assuming Firm 1 and Firm 2

Question 289

Multiple Choice

  -In the above figure, assuming Firm 1 and Firm 2 are the sole producers in the industry, the industry quantity supplied at price P<sub>1</sub> is equal to A)  Q<sub>1</sub> + Q<sub>2.</sub> B)  Q<sub>1</sub> + Q<sub>3.</sub> C)  Q<sub>2</sub> + Q<sub>4.</sub> D)  Q<sub>4</sub> - Q<sub>2.</sub>
-In the above figure, assuming Firm 1 and Firm 2 are the sole producers in the industry, the industry quantity supplied at price P1 is equal to


A) Q1 + Q2.
B) Q1 + Q3.
C) Q2 + Q4.
D) Q4 - Q2.

Correct Answer:

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