Practice Exam TwoName_____________________Chapter 6121. The supply curves for the only two firms in a competitive industry are P = 2 Q and P = 2 + Q ,12where Q is the output of firm 1 and Q is the output of firm 2. Graphthe supply curve for eachfirm. What is the market supply curve for this industry?2. A price-taking firm makes air conditioners.
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