(Answered) What is the quantity supplied when the price is $80?What is the quantity supplied when the price is…

Written by

in

➤ Why can the quantity supplied at $80 differ between a firm and the market?
An individual firm’s quantity supplied at $80 depends on its costs, capacity, and marginal cost schedule. Market supply is the horizontal sum of all firms’ quantities at that price. Differences arise from firm heterogeneity, entry and exit, and short-run capacity limits versus long-run adjustments across the industry.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *