Price Quantity (Firm1) Quantity (Firm 2)$1 1000 3000$2 2000 5000$3 3000 8000Derive the market supply curve based on the ...
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Price Quantity (Firm1) Quantity (Firm 2)
$1 1000 3000
$2 2000 5000
$3 3000 8000
Derive the market supply curve based on the individual supply curves of firm 1 and 2. On the same graph, plot all 3 supply curves. Be sure to correctly label the x and y axes as well as the curves.