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question 197

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Use the following to answer questions:
Figure: Game-Day Shirts Use the following to answer questions: Figure: Game-Day Shirts   -(Figure: Game-Day Shirts)  Rick is one of 10 vendors who sell game-day T-shirts at football games in a perfectly competitive market. His costs are identical to the costs of the other 9 vendors. When the industry is in long-run equilibrium, the price of each shirt will be _____, and the total quantity supplied will be _____. A)  $6; 0 B)  $9; 200 C)  $11; 220 D)  $14; 240
-(Figure: Game-Day Shirts) Rick is one of 10 vendors who sell game-day T-shirts at football games in a perfectly competitive market. His costs are identical to the costs of the other 9 vendors. When the industry is in long-run equilibrium, the price of each shirt will be _____, and the total quantity supplied will be _____.


Definitions:

Genotype

The genetic makeup of a single organism.

Chromosomes

Thread-like molecules that carry hereditary information organized in the form of genes.

Homozygous

Referring to an individual having two identical alleles for a specific trait.

Phenotype

Visible attributes or properties of an organism, shaped by the combination of the organism's genetic information and the influence of the environment.

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