Essay
(Table: Total Cost and Output) The table describes Sergei's total costs for his perfectly competitive all natural ice cream firm.If there are 100 firms in the all-natural ice cream industry, which of the following is a point on the industry short-run supply curve?
A.P = $10; Q = 0.
B.P = $20; Q = 200.
C.P = $110; Q = 3.
D.P = $75; Q = 500.
Correct Answer:
Verified
Correct Answer:
Verified
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