Sppose an industry has 100 firms each with supply curve p
Suppose an industry has 100 firms, each with supply curve P = 50 + 10Q. Furthermore, suppose the market demand curve is given by P = 200 - 0.9Q. What is the industry supply curve?
A. P = 500 + Q
B. P = 50 + 0.1Q
C. P = -500 + 10P
D. P = 50 + 10 Q
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