Suppose That for Each Firm in the Competitive Market for Potatoes,long-Run

Multiple Choice

Suppose that for each firm in the competitive market for potatoes,long-run average cost is minimized at 20¢ per pound when 500 pounds are grown.The demand for potatoes is Q = 10,000/p.If the long-run supply curve is horizontal,then how many pounds of potatoes will be consumed in total?

A) 0
B) 500
C) 10,000
D) 50,000