If each of 100 firms in a competitive industry has the following...

Question

# If each of 100 firms in a competitive industry has the following...

If each of 100 firms in a competitive industry has the following Marginal Cost function (i.e., firm supply function),

P = 10 +100Qi

What is the short-run industry supply function? (where lowercase subscript "i" is for the firm and uppercase "I" is for the Industry)

Question 14 options:

P = 100 +100QI

P = 10 +QI

P = 10 +100QI

P = 10 +10QI

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10,000 step-by-step explanations

<p>sectetur<strong>sectetur adipiscing<sub>s</sub></strong></p>sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor

## Step-by-step explanation

sectetur adipiscing elit. Nam lacinia pulvinar torto

sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilis

sectetur adipiscing elit. Nam lacinia pulvina