In the Short Run for a Particular Market, There Are

question 301

Multiple Choice

In the short run for a particular market, there are 300 firms. Each firm has a marginal cost of $30 when it produces 200 units of output. $30 is above every firm's average variable cost. One point on the market supply curve is

• A)quantity = 300; price = $30.
• B)quantity = 600,000; price = $90,000.
• C)quantity = 100,000; price = $30.
• D)quantity = 60,000; price = $30.

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