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New York citythere are 80 firms in the industry der pertecly competitive market for wheat in New York City. There are 80 firms in the

New York citythere are 80 firms in the industry
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der pertecly competitive market for wheat in New York City. There are 80 firms in the industry, each of which has the cost curves shown on the following graph: 100 90+ MC 80 s 70 60 50 40 8 30 AVC 20 t 10 0 5 10 15 20 25 30 35 40 45 50 OUTPUT (Thousands of bushels)

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