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The Accompanying Table Applies to a Purely Competitive Industry Composed

Question 132

Multiple Choice

The accompanying table applies to a purely competitive industry composed of 100 identical firms. For each of the 100 firms in this industry, marginal revenue and total revenue will be A) $4 and $400, respectively. B) $3 and $30,000, respectively. C) $4 and $20,000, respectively. D) $3 and $18,000, respectively. The accompanying table applies to a purely competitive industry composed of 100 identical firms. For each of the 100 firms in this industry, marginal revenue and total revenue will be


A) $4 and $400, respectively.
B) $3 and $30,000, respectively.
C) $4 and $20,000, respectively.
D) $3 and $18,000, respectively.

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