Figure 14-11 -Refer to Figure 14-11. the Figure Above Is for a Is

question 282

Multiple Choice

Figure 14-11
-Refer to Figure 14-11. The figure above is for a firm operating in a competitive industry. If there were eight identical firms in the industry, which of the following price-quantity combinations would be on the market supply curve?
Point
Price
Quantity
A
$4
4
B
$4
32
C
$6
6
D
$8
64

• A)A only
• B)A and C only
• C)B only
• D)B and D only

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