The primary difference between a good and a service, both of which are products to the marketer, is that a good is __________ and a service is __________.<span>a physical object; intangible.</span>
I think the answer might be B
If the graph represented a perfectly competitive industry, then the quantity of output produced would be 160 units.
<h3 /><h3>What is the quantity produced in a perfectly competitive industry?</h3>
Companies in any industry would try to maximize their profit by producing at a point where marginal revenue is the same as marginal cost.
This is the same in perfectly competitive industries like the ones shown in the graph.
The difference is that, in a perfect competition market, the demand curve is the same as the price which is also the same as the marginal revenue curve.
This means that the point of maximizing profit in a perfectly competitive industry is:
P = MR = MC
The point where the Marginal revenue curve intersects with the Marginal cost curve is 160 units as the marginal revenue curve is the demand curve.
In conclusion, the output would be 160 units.
Find out more on maximizing production at brainly.com/question/24860119
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Answer: 1st to make a good business you have to start off small. For starters start doing a Lemonade Stand. If people like your Lemonade i'm sure they'll promote you by telling there friends. Then your business will get bigger and bigger until you have like a whole company.
The answer is C (I think)