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Unit $3$ Exam $-$ Principles of Microeconomics Fall $2024-$ Achieve

$20$ Sportlife is a company that produces water enhanced with electrolytes. In this market there are many firms, entry and exit is$$ relatively easy, and firms sell a homogeneous product.

Sportlife is a firm in which market structure?

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Refer to the table to determine how many gallons of water Sportlife should produce in order to maximize profit.

$\backslash$table$[[$Gallons of water,Total cost,Total revenue$],[0,25,0],[1,50,120],[2,80,240],[3,190,360],[4,340,480],[5,500,600]]$

Enter the answer as a whole number.

number of gallons:

gal