In the Short Run for a Particular Market,there Are 500

question 263

Multiple Choice

In the short run for a particular market,there are 500 firms.Each firm has a marginal cost of $30 when it produces 200 units of output.One point on the market supply curve is

• A) quantity = 200, price = $30.
• B) quantity = 500, price = $30.
• C) quantity = 100,000, price = $30.
• D) quantity = 100,000, price = $15,000.

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Definitions:

Real Customers

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Moore's Law

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Metcalf's Law

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Technology Sea Change

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