Multiple Choice
There are 100 identical demanders of product y, and the demand function for each individual is y =
10 - p. The production function for any firm is y = min(z1,z2) . The market demand function is:
A) y = 1000- 100min(z1,z2) .
B) y = 100(10 - p) .
C) y = 100 - 100p.
D) y = 10 - p.
Correct Answer:
Verified
Correct Answer:
Verified
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