If the Industry Depicted in This Graph Were Purely Competitive

Multiple Choice

If the industry depicted in this graph were purely competitive, then the market price would be

A) $25, which is higher than what the price would have been if the industry were a monopoly.
B) $25, which is lower than what the price would have been if the industry were a monopoly.
C) $20, which is higher than what the price would have been if the industry were a monopoly.
D) $20, which is lower than what the price would have been if the industry were a monopoly.