Multiple Choice
In a particular market,there are 500 firms.Each firm has a marginal cost of $40 when it produces 200 units of output.What is one point on the market supply curve
A) (Quantity = 500, Price = $40)
B) (Quantity = 500, Price = $20,000)
C) (Quantity = 100,000, Price = $40)
D) (Quantity = 100,000, Price = $20,000)
Correct Answer:
Verified
Correct Answer:
Verified
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