Figure 14-4 In the following figure, graph (a) depicts the linear marginal cost (MC) of a firm in a competitive market, and graph (b) depicts the linear market supply curve for a market with a fixed number of identical firms. Graph (a): Firm PRICE 1 2 100 200 QUANTITY MC Graph (b): Market PRICE 2 Q₁ Q QUANTITY Refer to Figure 14-4. If at a market price of $1.75, 52,500 units of output are supplied to this market, how many identical firms are participating in this market? 250 Supply

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