Table: Three Firms This Table Provides Information on Three Firms in a Competitive

question 151

Multiple Choice

Table: Three Firms $$\begin{array} { l c } \hline \text { Firm } & \text { Quantity Produced } \\\hline \text { Firm 1 } & 100 \\\text { Firm 2 } & 80 \\\text { Firm 3 } & 50 \\\hline\end{array}$$ This table provides information on three firms in a competitive industry where the market price is $39; therefore, at these production levels:

• A) Firm 1's marginal cost exceeds Firm 3's marginal cost.
• B) Firm 2's marginal cost is $39.
• C) the marginal cost curves for all three firms are identical.
• D) the total cost of production is maximized by all three firms.

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Definitions:

Predatory Attacks

These are aggressive behaviors exhibited by predators towards their prey to catch, kill, or consume them.

Aggression

Behaviors or actions intended to harm or intimidate others, which can be physical, verbal, or psychological.

Predation

Predation is an interaction between species in which one organism, the predator, hunts and consumes another organism, the prey.

Dominance Hierarchies

The organization of individuals within a group into a ranking system, where positions determine access to resources and mating opportunities, often observed in animal social structures.