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Consider the table below the supply schedules for three competitive firms, each producing honey. These three firms make up the entire industry.
Output(Kg)
Market price ($/kg)
Firm A
Firm B
Firm C
Industry
2.50
100
0
--
3.00
125
3.50
150
4.00
175
4.50
200
5.00
225
250
5.50
300
6.00
275
350
325
1. Compute the total industry supply at each price and fill in the table.
2. Plot the supply curve for each firm and for the industry as a whole.
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