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Figure 8.5 Use the following to answer question: Figure 8.5   -(Figure 8.5)  The graph shows a firm's marginal cost curve. This firm operates in a perfectly competitive industry with market demand and supply curves given by Q<sup>d</sup> = 100 - 8P and Q<sup>S</sup> = -20 + 2P, where Q is measured in millions of units. Based on the figure, how many units of output will the firm produce at the equilibrium price? A)  1,100 B)  800 C)  1,200 D)  400
-(Figure 8.5) The graph shows a firm's marginal cost curve. This firm operates in a perfectly competitive industry with market demand and supply curves given by Qd = 100 - 8P and QS = -20 + 2P, where Q is measured in millions of units. Based on the figure, how many units of output will the firm produce at the equilibrium price?


A) 1,100
B) 800
C) 1,200
D) 400

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