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In the following figure, graph (a) depicts the linear marginal cost (MC) of a rm in a competitive market, and graph (b) depicts the linear

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In the following figure, graph (a) depicts the linear marginal cost (MC) of a rm 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 QUANTITY QUANTITY Refer to Figure 14-4. If there are 300 identical firms in this market, what level of output will be supplied to the market when price is $1.00? 0a. 300 Oh. 60,000 Oc. 6,000 Od. 30,000

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