A small nation has three gasoline suppliers with a linear monthly market demand equal to: Q = 500,000 minus 5P.

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A small nation has three gasoline suppliers with a linear monthly market demand equal​ to: Q ​= 500,000

minus 5P.

Each​ firm’s marginal cost

​(MC​)

and average total cost

​(ATC​)

curves are horizontal at​ $10,000 per month.

Refer to the information above. What is slope of the demand​ curve?

A.

5

B.

-0.20

C.

0.20

D.

-5

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