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Question 345

Multiple Choice

Use the following to answer questions: Use the following to answer questions: -(Table: Cherry Farm) Look at the table Cherry Farm. If Hank and Helen have one of 100 farms in the perfectly competitive cherry industry and if the price is $4, in the short run the industry will supply _____ pounds. A) 200 B) 400 C) 600 D) 700
-(Table: Cherry Farm) Look at the table Cherry Farm. If Hank and Helen have one of 100 farms in the perfectly competitive cherry industry and if the price is $4, in the short run the industry will supply _____ pounds.


A) 200
B) 400
C) 600
D) 700

Correct Answer:

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