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Question 4

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Use the following to answer questions : Use the following to answer questions :   -(Figure: Game-Day Shirts) Use Figure: Game-Day Shirts.Rick is one of the 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 nine vendors.If the price of a shirt is $9,the short-run industry supply will be _____ shirts. A)  140 B)  200 C)  220 D)  240
-(Figure: Game-Day Shirts) Use Figure: Game-Day Shirts.Rick is one of the 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 nine vendors.If the price of a shirt is $9,the short-run industry supply will be _____ shirts.


A) 140
B) 200
C) 220
D) 240

Correct Answer:

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