1.3. Suppose LightBright and Bulbs4Y ou were the only two suppliers of 60-watt lightbulb in Springfield. Draw...
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1.3. Suppose LightBright and Bulbs4Y ou were the only two suppliers of 60-watt lightbulb in Springfield. Draw the supply curve for the 60-watt lightbulb industry in Springfield from the following tables for the two companie . To create this "light bulb indu try supply curve," note that you'll add up the total number ofbulb that the industry will supply at a price of 1 (1 5 bulbs), and then do the same for the prices of$5, $7, and $10.
Price
$1
$5
$7
$10 Bulbs Supplied by Light Bright 10 15 25 35 Price of oil per barrel Bulbs Supplied by Bulbs4You 5
7 15 20
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