Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive. If S3 is the market supply curve, then each firm in this market will earn a economic loss of ______ per week.
A)$1,000
B)$1,500
C)$2,000
D)$3,000

Question

Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive.  If S3 is the market supply curve, then each firm in this market will earn a economic loss of ______ per week.
A)$1,000 
B)$1,500 
C)$2,000 
D)$3,000

Quizplus · Accepted Answer

The Answer of Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive.  If S3 is the market supply curve, then each firm in this market will earn a economic loss of ______ per week.
A)$1,000 
B)$1,500 
C)$2,000 
D)$3,000

Assume That All Firms in This Industry Have Identical Cost