Consider a market with two firms. In the following table, columns labe – InterviewSolution

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1.	Consider a market with two firms. In the following table, columns labelled as SS1 and SS2 give the supply schedules of firm 1 and firm 2 respectively. Compute the market supply schedule. Price(Rs.)012345678SS1(kg)000123456SS2(kg)00000.511.522.5
Answer» Consider a market with two firms. In the following table, columns labelled as $S S_{1}$ and $S S_{2}$ give the supply schedules of firm 1 and firm 2 respectively. Compute the market supply schedule. $\begin{matrix} Price(Rs.) & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 S S_{1} (kg) & 0 & 0 & 0 & 1 & 2 & 3 & 4 & 5 & 6 S S_{2} (kg) & 0 & 0 & 0 & 0 & 0.5 & 1 & 1.5 & 2 & 2.5 \end{matrix}$

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