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23. (Table: Blueberry Farm) Use Table: Blueberry Farm. Suppose there are 100 farms in this industry, with identical cost curves, as shown in the table.
23. (Table: Blueberry Farm) Use Table: Blueberry Farm. Suppose there are 100 farms in this industry, with identical cost curves, as shown in the table. Which point would fall on the industry short-run supply curve? Table: Blueberry Farm Quantity of Blueberries Total Cost (in pounds) 0 $2 7 2 11 13 4 16 21 6 28 7 38 a. $2, 300 pounds b. $1 1, 200 pounds c. $3, 500 pounds d. $8, 600 pounds
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