Use the Table Below to Answer the Following Question

question 9

Multiple Choice

Use the table below to answer the following question.
Table 12.2.4


-Refer to Table 12.2.4. The market is perfectly competitive and there are 1,000 firms that produce paper. The top table sets out the market demand schedule for paper.
Each producer of paper has the costs shown in the bottom table when it uses its least-cost plant size.
The market price is ________ a box and the market output is ________ boxes. The output produced by each firm is ________ boxes. Each firm ________.

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Definitions:

Muscular

Relating to or affecting the muscles or the physical strength and power.

Passion

A strong and barely controllable emotion or enthusiasm for something or someone.

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

Commitment

A pledge or promise to do something, often implying a sense of dedication and responsibility towards a cause or action.