Refer to the Table Below

question 53

Multiple Choice

Refer to the table below. If these three firms represented the entire market, how many mid-sized autos would be supplied at a price of $30,000? ​
Price for
Mid-Sized Auto
​
GM
​
Ford
​
Chrysler
​
Market
$22,000
10,000
8,000
4,000
​
$24,000
12,000
10,000
5,000
​
$26,000
15,000
12,000
7,000
​
$28,000
19,000
14,000
10,000
​
$30,000
24,000
16,000
14,000
​

• A)​43,000
• B)​54,000
• C)​126,000
• D)​158,000

---

Definitions:

Channels

Pathways or mediums through which products or services are distributed to the end consumer.

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation, communication, utilities, and public institutions, necessary for economic activity.

Technology

The application of scientific knowledge for practical purposes, especially in industry machinery, software, and devices.

Facilities

The buildings, equipment, and services provided for a particular purpose or activity.