The Market Supply in the Short Run for the Perfectly

question 155

Multiple Choice

The market supply in the short run for the perfectly competitive industry is

• A) the same as each producer's supply.
• B) the sum of the supply schedules of all firms.
• C) divided up according to each firm's selling price.
• D) set at the maximum price a buyer will pay for one unit.
• E) equal to the average of each firm's supply schedule.

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