Suppose the firms in the above market face a market demand of P 380 Q Each firm has a marginal cost of $20 What would we expect to be the level of production in this market 360 units 380 units 180 units 20 units

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Suppose the firms in the above market face a market demand of P = 380 - Q. Each firm has a marginal cost of $20.

Suppose the firms in the above market face a market demand of P = 380 - Q. Each firm has a marginal cost of $20. What would we expect to be the level of production in this market?

360 units

380 units

180 units

20 units

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