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Question 25

Multiple Choice

Use the following to answer questions:
Figure: Game-Day Shirts Use the following to answer questions: Figure: Game-Day Shirts -(Figure: Game-Day Shirts) Rick is one of 10 vendors who sell game-day T-shirts at football games in a perfectly competitive market. His costs are identical to the costs of the other 9 vendors. If the price of a shirt is $11, the short-run industry supply will be _____ shirts. A) 140 B) 200 C) 220 D) 240
-(Figure: Game-Day Shirts) Rick is one of 10 vendors who sell game-day T-shirts at football games in a perfectly competitive market. His costs are identical to the costs of the other 9 vendors. If the price of a shirt is $11, the short-run industry supply will be _____ shirts.


A) 140
B) 200
C) 220
D) 240

Correct Answer:

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