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Question

Consider a market with two firms. The following table shows the supply schedules of the two firms. SS1 column gives the supply schedule of firm 1 and SS2 column gives the supply schedule of firm 2. Compute the market supply schedule.

Price(Rs.)SS1(Units)SS2(Units)000100200311422533644

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Solution

0, 0, 0, 2, 4, 6, 8


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