In a Market with 1,000 Identical Firms, the Short-Run Market

question 571

Multiple Choice

In a market with 1,000 identical firms, the short-run market supply is the

• A)marginal cost curve above average variable cost for a typical firm in the market.
• B)quantity supplied by the typical firm in the market at each price.
• C)sum of the prices charged by each of the 1,000 individual firms at each quantity.
• D)sum of the quantities supplied by each of the 1,000 individual firms at each price.

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Definitions:

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