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The Market Supply in the Short Run for the Perfectly

Question 70

Multiple Choice

The market supply in the short run for the perfectly competitive industry is


A) divided up according to each firm's selling price.
B) the sum of the supply schedules of all firms.
C) set at the maximum price a buyer will pay for one unit.
D) equal to the average of each firm's supply schedule.
E) the same as each producer's supply.

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