Question: Construct the industry supply function if there are two firms with supply functions given by S1(p)=2p and S2(p)=p-1, which of the following is correct. a.S(p)=2p

Construct the industry supply function if there are two firms with supply functions given by S1(p)=2p and S2(p)=p-1, which of the following is correct.

a.S(p)=2p for p<=1, S(p)=3p-1 for p>1

b.S(p)=(2p)(p-1)

c.None of the above

d.S(p)=2p^2-2p+1

e.S(p)=3p-1

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