Figure 15-4 In the following figure, graph (a) depicts the l…
Figure 15-4 In the following figure, graph (a) depicts the linear marginal cost (MC) of a firm in a competitive market, and graph (b) depicts the linear market supply curve for a market with a fixed number of identical firms. Graph (a): Firm Graph (b): Market Refer to Figure 15-4. When 100 identical firms participate in this market, at what price will 15,000 units be supplied to this market?