In the short run for a particular market, there are 300 firms. Each firm has a marginal cost of $30 when it produces 200 units of output. One point on the market supply curve is
A) quantity = 100,000; price = $30.
B) quantity = 300; price = $30.
C) quantity = 600,000; price = $30.
B) quantity = 600,000; price = $90,000.
Correct Answer:
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