Suppose a perfectly competitive market has 50 firms, each with supply curve P=50+100Q. The market demand curve is given by P=650-4Q. How much is the individual firm's producer surplus in the short run? a. 400, b. 250, c. 200, d.100

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter22: Perfect Competition
Section22.3: Perfect Competition In The Long Run
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Suppose a perfectly competitive market has 50 firms, each with supply curve P=50+100Q. The market demand curve is given by P=650-4Q. How much is the individual firm's producer surplus in the short run? a. 400, b. 250, c. 200, d.100 

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