Derive the market supply curve

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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.

Reference no: EM131237466

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