(Figure: Price and Quantity of Output and Table I) for Simplicity

question 30

Multiple Choice

(Figure: Price and Quantity of Output and Table I) For simplicity, assume that there are only three firms in a perfectly competitive industry; their short-run supply curves are depicted in the graph. At a market price of $20, the industry output is ____.

• A) 15
• B) 9.5
• C) 4
• D) 1

---

Definitions:

Resistance Stage

The second phase of the General Adaptation Syndrome, where the body mobilizes its defenses to cope with a stressor.

Avoidance-Avoidance Conflict

A psychological conflict that arises when a person is forced to choose between two equally undesirable options.

Approach-Approach Conflict

A type of psychological stress occurring when an individual must choose between two desirable goals.

Approach-Avoidance Conflict

A psychological conflict that occurs when a goal or event has both attractive and repulsive aspects, leading to ambivalence.