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Figure 14-7

Question 112

Multiple Choice

Figure 14-7
In the figure, panel (a) depicts the linear marginal cost of a firm in a competitive market and panel (b) depicts the linear market supply curve for a market with a fixed number of identical firms.
Figure 14-7 In the figure, panel (a) depicts the linear marginal cost of a firm in a competitive market and panel (b) depicts the linear market supply curve for a market with a fixed number of identical firms. -Refer to Figure 14-7.If at a market price of $2.50,62,500 units of output are supplied to this market.How many identical firms are participating in this market A) 75 B) 100 C) 250 D) 300
-Refer to Figure 14-7.If at a market price of $2.50,62,500 units of output are supplied to this market.How many identical firms are participating in this market


A) 75
B) 100
C) 250
D) 300

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