There are 100 firms in a perfectly competitive industry. each firm has the short-run supply curve q = p-2 for p > 2, and q = 0 for p< 2. the market supply curve for this industry (a) q = 100p-200 for p > 2 and q = 0 for p < 2. (b) q = 100p-2 for p > 2 and q = 0 for p < 2. (c) q = p-200 for p > 200 and q = 0 for p< 200. (d) q = 100p-200 for p > 200 and q = 0 for p < 200.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration