Use the following to answer questions:
Figure: The Profit-Maximizing Output and Price 
-(Figure: The Profit-Maximizing Output and Price) Look at the figure The Profit-Maximizing Output and Price. Assume that there are no fixed costs and AC = MC = $200. At the profit-maximizing output and price for competitor perfectly competitive industry, consumer surplus is:
Definitions:
Nature and Quality
A term that refers to the essential characteristics and standards of goods or services.
Commercial Activity
Any type of business operation or venture that involves the exchange of goods or services for profit.
Federal Jurisdiction
The authority granted to federal courts and government to govern and make legal decisions on certain issues and cases, often defined by law or constitution.
State Jurisdiction
The authority given to a state to govern and enforce laws within its territory.
Q54: Amtrak charges lower fares to students than
Q132: (Table: Demand for Crude Oil) Look at
Q138: When price discrimination occurs, the producer's profit
Q154: (Figure: Revenues, Costs, and Profits for Tomato
Q163: (Table: Lilly's Apple Orchard) Look at the
Q203: (Figure: Change in the Total Product) Look
Q226: If a perfectly competitive firm is producing
Q283: (Figure: The Profit-Maximizing Firm in the Short
Q287: (Figure: PPV) Look at the figure PPV,
Q334: When a perfectly competitive firm is in