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Market Supply Curve in the Short Run and Long Run
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Market Supply Curve in the Short Run and Long Run
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11. Perfect Competition / Market Supply Curve in the Short Run and Long Run / Problem 1
Problem 1
If each of 200 identical firms supplies 30 units at a price of \$15, what is the total market supply?
A
60,000 units
B
3,000 units
C
6,000 units
D
600 units
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