Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive. If S3 is the market supply curve, then in the short run, the profit-maximizing level of output for a single firm in this market is ______ gallons per week.
A)0
B)200
C)400
D)8000

Question

Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive.  If S3 is the market supply curve, then in the short run, the profit-maximizing level of output for a single firm in this market is ______ gallons per week.
A)0 
B)200 
C)400 
D)8000

Quizplus · Accepted Answer

The Answer of Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive.  If S3 is the market supply curve, then in the short run, the profit-maximizing level of output for a single firm in this market is ______ gallons per week.
A)0 
B)200 
C)400 
D)8000

Assume That All Firms in This Industry Have Identical Cost