Refer to the graph shown. If hamburgers are produced by a perfectly competitive industry with a market demand D, in long-run equilibrium the price will be:
A) $6, and 100 will be sold.
B) $4, and 200 will be sold.
C) $5, and 150 will be sold.
D) $4, and 100 will be sold.

Question

Refer to the graph shown. If hamburgers are produced by a perfectly competitive industry with a market demand D, in long-run equilibrium the price will be: 
A) $6, and 100 will be sold. 
B) $4, and 200 will be sold. 
C) $5, and 150 will be sold. 
D) $4, and 100 will be sold.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. If hamburgers are produced by a perfectly competitive industry with a market demand D, in long-run equilibrium the price will be: 
A) $6, and 100 will be sold. 
B) $4, and 200 will be sold. 
C) $5, and 150 will be sold. 
D) $4, and 100 will be sold.

Refer to the Graph Shown