There are three identical firms in a market. The following table shows the supply schedule of firm 1. Compute the market supply schedule. Price (Rs) SS 1 (units) 0 0 1 0 2 2 3 4 4 6 5 8 6 10 7 12 8 14

Question

Philoid · Accepted Answer

Price (Rs)	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

There are three identical firms in a market. The following table shows the supply schedule of firm 1. Compute the market supply schedule.Price (Rs)SS1 (units)001022344658610712814

There are three identical firms in a market. The following table shows the supply schedule of firm 1. Compute the market supply schedule.

Price (Rs)

SS₁ (units)

0

0

1

0

2

2

3

4

4

6

5

8

6

10

7

12

8

14