Kizspy | Question: 40 (Choose 1 answer)
In the short run for a particular market, there are 200 firms. Each firm has a marginal cost of $15 when it produces 100 units of output. One point on the perfect competition market supply curve is
A. quantity = 100, price = $15.
B. quantity = 200, price = $15.
C. quantity = 20,000, price = $15.
D. quantity = 20,000, price = $7,500.
