In a Perfectly Competitive Market with 75 Non-Identical Firms Producing

question 4

Multiple Choice

In a perfectly competitive market with 75 non-identical firms producing at market price p1

• A)the supply curve is flatter than if there were only 35 identical firms.
• B)the supply curve is more elastic than if there were only 25 identical firms.
• C)the supply curve is more inelastic than if the firms were identical.
• D)All of the above.

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