Figure: Increasing Costs Refer to the Figure

question 131

Multiple Choice

Figure: Increasing Costs Refer to the figure. If an industry consists of two firms, Firm 1 and Firm 2, as shown in the diagram, what is the industry's quantity supplied at a price of $7 and $9?

• A) 0 and 5 units, respectively
• B) 4 and 5 units, respectively
• C) 8 and 10 units, respectively
• D) 4 and 10 units, respectively

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