Refer to the above table now assume there are 100 identical, Ask an Expert

Economics

Refer to the above table. Now assume there are 100 identical firms in this industry, each of which has the same cost data as the single firm described above. Suppose too that the demand curve for this industry is as shown below: Quantity Price Demanded $360 400 290 500 230 600 180 700 140 800 110 900 80 1,000 The equilibrium price will be: A. $140 B. $180 C. $230 D. $290

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Business Economics, Economics

Category:- Business Economics
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