Figure 14-9
In the figure below, 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. 
-Refer to Figure 14-9. If at a market price of $1.75, 52,500 units of output are supplied to this market, how many identical firms are participating in this market?
Definitions:
Psychosexual Stages
A series of developmental stages proposed by Freud, during which an individual's pleasure-seeking urges are focused on different erogenous zones; these stages include oral, anal, phallic, latency, and genital.
Correct Sequence
The arrangement of elements in a particular, often logical or required, order.
Latency
The time delay between the initiation of a stimulus and the response or occurrence of a subsequent event.
Freud's Theory
A set of psychoanalytic theories and therapeutic techniques related to the study of the unconscious mind, developed by Sigmund Freud, emphasizing the influence of childhood experiences and sexual desires on the psyche.
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