Suppose There Are 100 Identical Firms in the Rag Industry,and

question 114

Multiple Choice

Suppose there are 100 identical firms in the rag industry,and each firm is willing to supply 10 rags at any price.The market supply curve will be a

• A) vertical line where Q = 10.
• B) vertical line where Q = 100.
• C) vertical line where Q = 1000.
• D) horizontal line where Q = 1000.

---

Definitions:

Armed Robbery

The act of stealing from someone or somewhere using weapons, constituting a serious and violent crime.

Primary Motive

The primary motivation or cause that influences a person's conduct or actions.

Need For Money

A situation or condition where financial resources are required to fulfill certain needs or wants.

Professional Robbers

Individuals who engage in theft or burglary as a regular occupation, often with a high level of skill or organization.