Milky Moo and Mega Cow are the only sellers of milk.Milky Moo's supply function is Q^s_MMoo = 12P - 6 at prices above $0.50 and zero at prices below $0.50.Mega Cow's supply function is Q^s_MCow = 9P - 3 at prices above $0.33 and zero at prices below $0.33.At a price of $2.00:

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At a price of $2.00, both Milky Moo and Mega Cow will supply milk since the price is above both of their minimum prices. Milky Moo's supply at $2.00 is calculated as 12(2) - 6 = 24 units. Mega Cow's supply at $2.00 is calculated as 9(2) - 3 = 15 units. The total market supply is the sum of both supplies, which is 24 + 15 = 39 units.

Milky Moo and Mega Cow Are the Only Sellers of Milk.Milky