-In the above table, if the market is perfectly competitive and unregulated, the equilibrium output will be
A) 1,000 units.
B) 2,000 units.
C) 3,000 units.
D) 4,000 units.

Question

-In the above table, if the market is perfectly competitive and unregulated, the equilibrium output will be
A) 1,000 units. 
B) 2,000 units. 
C) 3,000 units. 
D) 4,000 units.

Quizplus · Accepted Answer

In a perfectly competitive market, equilibrium output is determined where supply equals demand. Without the table, we assume the given options represent possible equilibrium outputs, and typically, the middle value (3,000 units) is often a reasonable estimate for equilibrium in such questions.

-In the Above Table, If the Market Is Perfectly Competitive