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The table below presents the market supply schedule for laptop computers in the "Initial Market Quantity of Computers Supplied" column.
The table below presents the market supply schedule for laptop computers in the "Initial Market Quantity of Computers Supplied" column. Suppose a new firm, NF Computers, enters the market with the supply schedule shown in the "Quantity of Computers Supplied by NF Computers" column. a. Fill in the new market supply schedule in the "New Market Quantity of Computers Supplied" column.Market Supply of ComputersPrice (dollars)Initial Market Quantity of Computers SuppliedQuantity of Computers Supplied by NF ComputersNew Market Quantity of Computers Supplied$5001,00075 475 90069 450 80063 425 70054 400 60045 375 50036 350 40027 325 30018b. At a price of $425 per laptop computer, the entry of the new firm will increase the quantity of computers supplied by computers, resulting in a total market quantity of computers.
