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

question 67

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 $40, the industry output is ____.

• A) 15
• B) 9.5
• C) 4
• D) 1

---

Definitions:

Biological Mom

A term referring to a woman who has genetically contributed to the creation and birth of a child.

Adopted Sibling

An adopted sibling is a brother or sister who has become part of a family through the legal process of adoption, rather than by birth.

Emotionality

The quality or state of being emotional; the degree to which a person's behavior is influenced by emotions.

Agreeableness

A personality trait characterized by qualities of being kind, cooperative, and sympathetic toward others.