NARRBEGIN: Exhibit 11-1
Exhibit 11-1

-In Exhibit 11-1, total earnings at equilibrium equal

Name: NARRBEGIN: Exhibit 11-1 Exhibit 11-1 -In Exhibit 11-1, total earnings at equilibrium equal
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Question

NARRBEGIN: Exhibit 11-1
Exhibit 11-1
 
-In Exhibit 11-1, total earnings at equilibrium equal

Quizplus · Accepted Answer

At equilibrium, both firms will produce 4 units, resulting in a total supply of 8 units. At a price of $20 per unit, the total earnings at equilibrium will equal $160 (8 units x $20 per unit).