Use the Table Below to Answer the Following Question

question 1

Multiple Choice

Use the table below to answer the following question.
Table 12.2.4


-Refer to Table 12.2.4.The market is perfectly competitive and there are 1,000 firms that produce paper.
The top table sets out the market demand schedule for paper.
Each producer of paper has the costs shown in the bottom table when it uses its least-cost plant size.
The market price is ________ a box,the market output is ________ boxes,and the output produced by each firm is ________ boxes.Each firm ________.

---

Definitions:

Federal Government

The national government of a federated state, which holds the authority over the entire country and is responsible for national level decisions and policies.

Cooperative Federalism

A concept where state, local, and federal governments cooperate and share responsibilities in governing, blending their powers.

Turnout

The percentage of eligible voters who cast a ballot in an election, often used as a measure of political engagement or apathy.

New Working Class

A term referring to the shift in the working class towards more service-oriented and tech-based jobs in the late 20th and early 21st centuries.