In the Short Run, a Market Consists of 100 Identical

question 188

Multiple Choice

In the short run, a market consists of 100 identical firms. The market price is $6, and the total cost to each firm of producing various levels of output is given in the table below. What will total quantity supplied be in the market?

• A)100 units
• B)200 units
• C)300 units
• D)400 units

---

Definitions:

Cooperative Group

A group of individuals who work together towards a common goal, sharing responsibilities and resources.

Customer Structures

The organization and segmentation of a company's customer base, often based on characteristics like needs and behavior.

Product Structures

Organizational designs that group together employees based on the products or services they work with, to enhance focus and innovation.

Process Structures

The arrangement of resources in a company to convert inputs into outputs effectively, reflecting its operational strategy and goals.