In a market with a stepped supply curve, the total quantity supplied is 50 units when the price is €5.00. When the price increases to €6.00, the total quantity supplied becomes 80 units. What can be concluded about the producer(s) who enter the market and begin supplying only after the price exceeds €5.00?
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In a market with a stepped supply curve, the total quantity supplied is 50 units when the price is €5.00. When the price increases to €6.00, the total quantity supplied becomes 80 units. What can be concluded about the producer(s) who enter the market and begin supplying only after the price exceeds €5.00?
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