If there are 100 identical firms in a perfectly competitive industry, and the typical firm supplies 50 units of output at a price of $30, the industry output is 5,000 units at a price of $30.

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In a perfectly competitive industry, all firms produce identical products and are price takers, meaning they must sell their products at the market price. Therefore, if the typical firm supplies 50 units of output at a price of $30, all other firms in the industry will also supply 50 units at the same price. Thus, the industry output would be 100 firms x 50 units per firm = 5,000 units. The price would also remain at $30 since all firms must sell at the market price.

If There Are 100 Identical Firms in a Perfectly Competitive