Figure 13-9

question 408

Multiple Choice

Figure 13-9
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 13-9.When 100 identical firms participate in this market,at what price will 15,000 units be supplied to this market?

• A) $1.00
• B) $1.50
• C) $2.00
• D) The price cannot be determined from the information provided.

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Definitions:

Educators

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Remarriage

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