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nguyenduong67 nguyenduong67
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6 years ago
Suppose that 100 firms operate in a perfectly competitive industry and each firm has the same technology and cost structure. If each firm maximizes profits by selling 20 units of output at $5.00, then the quantity supplied in the market at $5.00 is
A) greater than 2,000.
B) 2,000.
C) zero.
D) less than 2,000.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Lightman030Lightman030
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nguyenduong67 Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
momochiime
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Yesterday
Helped a lot
Helpmeplease11
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2 hours ago
Thanks for your help!!
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