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An electric power system has the following mix of generating capacity installed on its network which is owned by several competing generating firms...
I need a competitive supply curve graph done of this information and if the demand is 3000Mw and price is completely price inelastic in very short run what would be the spot price be in a wholesale electricity market
1. An electric power system has the following mix ofgenerating capacity installed on its network which isowned by several competing generating firmsTypeMarginal Operating costNuclearCapacity$ 15 / MUNcoal$ 25 / M why1, 000 MwGas$ 60 / Much250 0 MIN150 0 MWTurbine$ 80 / Mun`SOO MW/a). Draw competitive Supply curve for theproduction of electric energy on this System