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Author Question: The table below shows the three firms that are suppliers in the frozen yogurt market. PriceQuantity ...  (Read 33 times)

Evvie72

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The table below shows the three firms that are suppliers in the frozen yogurt market. PriceQuantity ...
« on: May 24, 2019 »
The table below shows the three firms that are suppliers in the frozen yogurt market.

PriceQuantity Supplied
($ per serving) (1,000s of servings supplied)
​YoYoFunFroYummy
8.00300300400
7.00150200300
6.000100200
       
If the price in the market is $6.00,
◦ only 2 firms supply a total of 300 servings.
◦ 450 servings are supplied in the market.
◦ 600 servings are supplied in the market.
◦ all 3 firms supply a total of 900 servings.
◦ there will be a shortage of frozen yogurt.

Foundations of Microeconomics

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Marked as best answer by Evvie72 on May 24, 2019

durant1234

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The table below shows the three firms that are suppliers in the frozen yogurt market. PriceQuantity ...
« Reply #1 on: May 24, 2019 »
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