Multiple Choice
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. When the industry is in long-run equilibrium, the price of each shirt will be _____, and the total quantity supplied will be _____.
A) $6; 0
B) $9; 200
C) $11; 220
D) $14; 240
Correct Answer:

Verified
Correct Answer:
Verified
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