uantity Demanded Price Quantity Supplied 420,000 $5 572,500 522,500 4 522,500 625,000 3 472,500 727,500 2 422,500 830,000 1 372,500 The accompanying table applies to a purely competitive industry composed of 100 identical firms. At the equilibrium price, each of the 100 firms in this industry will produce Multiple Choice 523 units of output. 52,250 units of output. 5,225 units of output. 472,500 units of output