The accompanying table applies to a purely competitive industry composed of 100 identical firms. The equilibrium price in this purely competitive market is
A)$5.
B)$4.
C)$3.
D)$2.

Question

The accompanying table applies to a purely competitive industry composed of 100 identical firms. The equilibrium price in this purely competitive market is
A)$5. 
B)$4. 
C)$3. 
D)$2.

Quizplus · Accepted Answer

The Answer of  The accompanying table applies to a purely competitive industry composed of 100 identical firms. The equilibrium price in this purely competitive market is
A)$5. 
B)$4. 
C)$3. 
D)$2.

The Accompanying Table Applies to a Purely Competitive Industry Composed