Graph a Shows the Market Demand and Supply in a Perfectly

question 162

Multiple Choice

Graph A shows the market demand and supply in a perfectly competitive market.Graph B shows the cost curves of a representative profit-maximizing firm in that industry.

-Refer to the above graph to answer this question.If the market is in equilibrium,what quantity will the firm produce?

• A)30.
• B)50.
• C)70.
• D)90.
• E)100.

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Definitions:

Agora

In ancient Greece, a public open space used for assemblies and markets.

Pyromania

A psychological disorder characterized by an irresistible urge to start fires.

Psychopathic Disorder

a mental disorder characterized by enduring antisocial behavior, diminished empathy and remorse, and bold, disinhibited, and egotistical traits.

PTSD

Post-traumatic Stress Disorder; a mental health condition triggered by experiencing or witnessing a terrifying event, characterized by severe anxiety, nightmares, and flashbacks.