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 ________.

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Definitions:

Amphibians

A class of cold-blooded vertebrates that includes frogs, toads, newts, and salamanders, characterized by their life cycle stages both in water and on land.

Accompanying Figure

An illustration, chart, graph, or image that is provided alongside a text to complement, explain, or exemplify the information being discussed.

Nitrogenous Waste

Waste products containing nitrogen, such as ammonia, urea, or uric acid, produced by the metabolism of proteins and nucleic acids.

Freshwater Fishes

A diverse group of fish species that spend most or all of their lives in freshwater habitats such as lakes, rivers, and ponds, contrasting with saltwater or marine fishes.