Figure 7.5
-Suppose that Figure 7.5 shows an industryʹs market demand, its marginal revenue, and the production costs of a representative firm. If the industry was perfectly competitive, it will produce a quantity of _______ and charge a price of _______.

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The Answer of  Figure 7.5
-Suppose that Figure 7.5 shows an industryʹs market demand, its marginal revenue, and the production costs of a representative firm. If the industry was perfectly competitive, it will produce a quantity of _______ and charge a price of _______.

Figure 7.5 -Suppose That Figure 7.5 Shows an Industryʹs Market Demand, Its