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Price/Cost ($) 20 18 ONAOOONAO Demand MR 10 20 30 40 50 60 70 80 90 Quantity (units) Type your answers in all of the

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Price/Cost ($) 20 18 ONAOOONAO Demand MR 10 20 30 40 50 60 70 80 90 Quantity (units) Type your answers in all of the blanks and submit 2 . Consider the industry depicted below. Suppose that the marginal costs of production are 6. If the industry were competitive, a quantity of 60 units would be produced at a price of You are correct 6 and the sum of consumer and producer surplus would be You are correct 150 X You are incorrect

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