Multiple Choice
The following graph shows the market demand and average cost curve for electricity (in millions of kilowatts) in an urban centre:
-Refer to the above graph to answer this question.Suppose that the price is $3,and the market is served by two competing firms,each with average costs as shown in the graph and each having 50% of the market.What will be the quantity produced by each firm?
A) 50.
B) 55.
C) 75.
D) 100.
E) 110.
Correct Answer:

Verified
Correct Answer:
Verified
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