$4.00 Price $2.00 MC $4.00 XZ $2.00 Quantity O 15,000 O 24,000 (a) Firm 300 O 18,000 Price 600 (b) Market Q1 Assume a co
Posted: Sun Jul 03, 2022 3:42 pm
$4.00 Price $2.00 MC $4.00 XZ $2.00 Quantity O 15,000 O 24,000 (a) Firm 300 O 18,000 Price 600 (b) Market Q1 Assume a competitive market. If there are 50 identical competitive firms and the market price is $2.00, according to the figures above, how many units of output will be supplied to the market? O 12,000 MC Q2 Quantity