The market for blueberries is perfectly competitive and is in a long-run equilibrium. Each firm's long-run average cost is minimized at $5.00 per pint of blueberries and a quantity of 1000 pints. The market demand for a pint of blueberries is: Q = 20,000 - 1,000P where P is the price in dollars and Q is a pint of blueberries. Assume all firms in the market have the same costs and that these costs are the same in the short-run and long-run. What is the total amount currently spent by all consumers in the market?

Group of answer choices

$0

$5,000

$15,000

$75,000

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