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Question

Consider a market with two firms. In the following table, columns labelled as SS1 and SS2 give the supply schedules of firm 1 and firm 2 respectively. Compute the market supply schedule.

Price(Rs.)012345678SS1(kg)000123456SS2(kg)00000.511.522.5

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Solution

0, 0, 0, 1, 2.5, 4, 5.5, 7, 8.5


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