Graph 14-7 
In this graph, panel (a) depicts the linear marginal cost of a firm in a competitive market, and panel (b) depicts the linear market supply curve for a market with a fixed number of identical firms.Use the graph to answer the following question(s) .
-Refer to Graph 14-7.If there are 40 identical firms in this market, what level of output will be supplied to the market when the price is $2.00?
Definitions:
Direct-Mail Advertising
A promotional strategy involving sending advertisements through postal mail directly to the target audience's homes or businesses.
Retail Advertising
Advertising used by a retailer to reach customers within its geographic trading area.
National Advertising
A marketing strategy that spreads a company's message across a country, aiming at reaching consumers nationwide.
Final Consumers
The end-users or individuals who purchase products or services for personal use and consumption.
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