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Suppose there was an industry with 20 identical firms with marginal cost given by MC 10 04q Use horizontal summation to find the total supply function for this industry Fill in the blanks below

Suppose there was an industry with 20 identical firms with marginal cost given by: MC= 10 + 0.4q. Use horizontal summation to find the total supply function for this industry. Fill in the blanks below. QS = 50P - ( )

Apr 30 2020 View more View Less

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