William asks…Use quantity, AC, and MC curves to figure out if market has excess supply or demand and how many units?Q AC MC
1 4 12
2 8 20
3 12 28
4 16 36
5 20 44
6 24 52
7 28 60
8 32 68
9 36 76
suppose that there are 70 firms in operating in the industry. using the MC curve, find out how much output in total is delivered to the market at each price (you only need to consider prices equal to
