Assuming there are 100 identical firms in the widget industry, construct a table showing the industry supply curve.Explain what you expect will happen over time to the number of firms in the industry and the equilibrium industry price of widgets.

Assuming there are 100 identical firms in the widget industry, construct a table showing the industry supply curve.

Then, explain what you expect will happen over time to the number of firms in the industry and the equilibrium industry price of widgets.

Your response should be at least 75–150 words (1–2 paragraphs) in length, including the table.

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