Figure 14-8
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 14-8.If at a market price of $1.75,52,500 units of output are supplied to this market,how many identical firms are participating in this market?

Question

Figure 14-8
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 14-8.If at a market price of $1.75,52,500 units of output are supplied to this market,how many identical firms are participating in this market?

Quizplus · Accepted Answer

The Answer of Figure 14-8
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 14-8.If at a market price of $1.75,52,500 units of output are supplied to this market,how many identical firms are participating in this market?