Consider the market for tilapia. Ripple Rock Fish Farms, a small family fish farm in Ontario, and

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Consider the market for tilapia. Ripple Rock Fish Farms, a small family fish farm in Ontario, and The Fishin’

Company, a large corporate supplier, are both producers of tilapia. The marginal cost curves for both firms are shown in the accompanying graph.

If the market price is $21 per kilogram of tilapia, how many kilograms of tilapia would Ripple Rock supply? What about The Fishin’ Company? How many total kilograms would it collectively supply? Is this allocation the most productively efficient way to produce this quantity of tilapia?

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