The Following Table Gives the Cost and Demand Data for a Particular

question 65

Multiple Choice

The following table gives the cost and demand data for a particular market.

-Refer to the above information to answer this question.Suppose that the data describes a perfectly competitive industry.What will be the total profit or loss of the industry at equilibrium?

• A)$0.
• B)Profit of $3.5.
• C)Profit of $4.
• D)Profit of $4.5.
• E)Loss of $7.50.

---

Definitions:

Territory

An area of land under the jurisdiction of a ruler or state, or in commercial terms, designated geographic boundaries assigned to sales representatives or distributors.

Ethical Problems

are dilemmas or situations that require a choice to be made between actions that are right or wrong according to moral principles.

Corporate Sales Policies

Guidelines and principles set by a corporation to standardize and direct its sales practices, ensuring coherence and efficiency in sales operations.

Straight Commission

A compensation method where salespeople or employees are paid based purely on the sales they generate, as a percentage of the sales amount.