Question

T/F/U. Two firms produce various quantities at various prices. At prices less than $456, no firm produces anything. At $500, firm one produces 8 units; firm two produces 0 units. At $550, firm one produces 16 units and firm two produces 10 units. At $600 firm one produces 24 units and firm two produces 25 units. These two firms are in a constant costs industry. Please draw a supply curve consistent with this problem AND your solution.

Answer 1