In order to derive the market supply curve from individual supply curves, we add up the select one:
a. various prices that individual sellers are charging for the product.
b. various quantities that individual sellers want to sell at specific price levels.
c. total number of sellers in the market at a given time.
d. costs that all individual sellers incur in producing the product.

In a "dutch auction" for new stock, individual investors place bids for shares directly. each potential bidder indicates the price he or she is willing to pay and how many shares he or she will purchase at that price. the highest price that permits the company to sell all the shares it wants to sell is determined, and this is the "market clearing price." all bidders who specified this price or higher are allowed to purchase their shares at the market clearing price. true false