Milky Moo and Mega Cow are the only sellers of milk. Milky Moo's supply function is QsMMoo = 12P - 6 at prices above $0.50 and zero at prices below $0.50. Mega Cow's supply function is QsMCow = 9P - 3 at prices above $0.33 and zero at prices below $0.33. In this case, the market supply curve for milk is:
A. kinked at a price of $0.33.
B. kinked at 1.5 units.
C. downward sloping.
D. kinked at 3 units.
B. kinked at 1.5 units.
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What will be an ideal response?
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