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The supply curves for the only two firms in a competitive industry are given by: S 1 : P = 2 Q 1 S 2

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The supply curves for the only two firms in a competitive industry are given by: S₁: P = 2Q₁ S₂: P = 2 + Q₂, where Q₁ is the output of firm 1 and Q₂ is the output of firm 2. These two supply curves are shown in the graph below. Draw the market supply curve for this industry.

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i Market Supply 7 Tools 52 6 line tool 5 4 Price 3 2 7 0 2 3 4 5 6 7 8 Quantity

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