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Use the following to answer questions:
Figure: The Profit-Maximizing Output and Price Use the following to answer questions: Figure: The Profit-Maximizing Output and Price   -(Figure: The Profit-Maximizing Output and Price)  Look at the figure The Profit-Maximizing Output and Price. Assume that there are no fixed costs and AC = MC = $200. At the profit-maximizing output and price for a perfectly competitive industry, total surplus is: A)  $200. B)  $1,600. C)  $3,200. D)  $6,400.
-(Figure: The Profit-Maximizing Output and Price) Look at the figure The Profit-Maximizing Output and Price. Assume that there are no fixed costs and AC = MC = $200. At the profit-maximizing output and price for a perfectly competitive industry, total surplus is:


A) $200.
B) $1,600.
C) $3,200.
D) $6,400.

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