If four firms constituting a competitive industry have the supply schedules given below, then their combined market supply may be stated as: Ql s= 16 + 4P Q3 s= 32 + 8P
Q2 s= 5 + 5P Q4 s= 60 + 10P
A) Q = 113 - 27P.
B) Q = 113 + 27P.
C) Q = 51 + 4P.
D) Q = 92 + 18P.
E) none of the above.
Correct Answer:
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