In the short run, a market consists of 100 identical firms. The market price is $8, and the total cost to each firm of producing various levels of output is given in the table below. What will total quantity supplied be in the market?
A)200 units
B)300 units
C)400 units
D)500 units

Question

In the short run, a market consists of 100 identical firms. The market price is $8, and the total cost to each firm of producing various levels of output is given in the table below. What will total quantity supplied be in the market? 
A)200 units 
B)300 units 
C)400 units 
D)500 units

Quizplus · Accepted Answer

The Answer of In the short run, a market consists of 100 identical firms. The market price is $8, and the total cost to each firm of producing various levels of output is given in the table below. What will total quantity supplied be in the market? 
A)200 units 
B)300 units 
C)400 units 
D)500 units

In the Short Run, a Market Consists of 100 Identical