Question

Refer to the following figure to answer the following questions.

Firm 1 and firm 2 are the sole producers in the industry. At price P1, the industrys total quantity supplied is

a. Q1+ Q2+ Q3+ Q4.

b. Q1+ Q3.

c. Q2+ Q4.

d. Q1- Q4.

e. Q4- Q1.

Answer

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