(Figure: Price and Quantity X) in This Perfectly Competitive Industry

question 111

Multiple Choice

(Figure: Price and Quantity X) In this perfectly competitive industry, there are 100 firms with a short-run supply curve represented by S₁ and 50 firms with a short-run supply curve represented by S₂. At a market price of $4.50, industry output is:

• A) 700.
• B) 250.
• C) 1,050.
• D) 500.

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Definitions:

Neutral Molecules

Neutral molecules are chemical species without any net electrical charge.

Electrical Activity

The movement of electrically charged particles, such as electrons or ions, which is a fundamental process in biological systems and electronic devices.

Intracellular

Located or occurring within a cell or cells, referring to processes, reactions, or components found inside cells.

Extracellular Ions

Ions located outside the cell, in the extracellular fluid, playing key roles in various physiological processes, including the transmission of nerve impulses.