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There are 3 firms P, Q and R in a market...

There are 3 firms P, Q and R in a market. Prepare the supply schedule for a market.

Text Solution

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The correct Answer is:
16,22,28,34,40
Market supply = Supply by firm `P+Q+R`
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Knowledge Check

  • The supply function of a product X is given as: Sx 6Px +3, where Px stands for price. 1,000 firms in the market, then market supply for the product at market price of 4 will be:

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    B
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    D
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