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Assume That All Firms in This Industry Have Identical Cost

Question 144

Multiple Choice

Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive. Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive. If S3 is the market supply curve, then each firm in this market will earn an economic loss of ________ per week. A) $1,000 B) $1,500 C) $2,000 D) $3,000 If S3 is the market supply curve, then each firm in this market will earn an economic loss of ________ per week.


A) $1,000
B) $1,500
C) $2,000
D) $3,000

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