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There Are Currently N Identical Firms in a Market

Question 16

Multiple Choice

There are currently N identical firms in a market. If it is a perfectly competitive market, the short-run market supply curve at any given price


A) is N times the supply of an individual firm.
B) is N - 1 times the supply of an individual firm.
C) is N plus the supply of an individual firm.
D) cannot be determined from the information provided.

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