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Author Question: The above figure shows the market for steel ingots. If the market is competitive, then (Read 501 times)

shenderson6

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Reply #10 on: Jun 18, 2019
TY
Microeconomics ¦ Perloff ¦ 8th Edition
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mbcrismon

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Reply #11 on: Jun 18, 2019
You're welcome


leilurhhh

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Reply #12 on: Jun 18, 2019


The above figure shows the market for steel ingots. The optimal quantity of pollution
◦ is 0 units.
◦ is 50 units.
◦ is 100 units.
◦ cannot be determined from the information provided.


epscape

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Reply #13 on: Jun 18, 2019
cannot be determined from the information provided.


big1devin

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Reply #14 on: Jun 18, 2019


The above figure shows the market for steel ingots. If the market is competitive, then the competitive market level of output is
◦ 50 units.
◦ 150 units.
◦ 100 units.
◦ 300 units.


parker125

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Reply #15 on: Jun 18, 2019
100 units.


big1devin

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Reply #16 on: Jun 18, 2019
Thank you!


parker125

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Reply #17 on: Jun 18, 2019
Always glad to help...


washai

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Reply #18 on: Jun 18, 2019


The above figure shows the market for steel ingots. If the market is competitive, then the private producer surplus is
◦ $2,500.
◦ $3,000.
◦ $2,000.
◦ $5,000.


asware1

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Reply #19 on: Jun 18, 2019
$2,500.


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