There are three identical firms in a market. The following table shows the supply schedule of firm 1. Calculate the market supply schedule.
There are three identical firms in a market. The following table shows the supply schedule of firm 1. Calculate the market supply schedule.
| Price | SS1(units) |
| 0 | 0 |
| 1 | 0 |
| 2 | 2 |
| 3 | 4 |
| 4 | 6 |
| 5 | 8 |
| 6 | 10 |
| 7 | 12 |
| 8 | 14 |
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| Price | SS1 (units) | SS2 (units) | SS3 (units) | Market Supply = SS1 + SS2 + SS3 |
| 0 | 0 | 0 | 0 | 0 |
| 1 | 0 | 0 | 0 | 0 |
| 2 | 2 | 2 | 2 | 6 |
| 3 | 4 | 4 | 4 | 12 |
| 4 | 6 | 6 | 6 | 18 |
| 5 | 8 | 8 | 8 | 24 |
| 6 | 10 | 10 | 10 | 30 |
| 7 | 12 | 12 | 12 | 36 |
| 8 | 14 | 14 | 14 | 42 |
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