-The demand for bus service is perfectly elastic at a price of $1.00 a ride. The table above shows the bus company's marginal cost and the marginal social cost of the bus service. The competitive quantity of bus rides per week is
A) 100.
B) 200.
C) 300.
D) 500.

Question

-The demand for bus service is perfectly elastic at a price of $1.00 a ride. The table above shows the bus company's marginal cost and the marginal social cost of the bus service. The competitive quantity of bus rides per week is
A) 100. 
B) 200. 
C) 300. 
D) 500.

Quizplus · Accepted Answer

The Answer of 
-The demand for bus service is perfectly elastic at a price of $1.00 a ride. The table above shows the bus company's marginal cost and the marginal social cost of the bus service. The competitive quantity of bus rides per week is
A) 100. 
B) 200. 
C) 300. 
D) 500.

-The Demand for Bus Service Is Perfectly Elastic at a Price