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Exhibit 8-7 -According to Exhibit 8-7,if This Market Has Many Competing Firms,then

Question 120

Multiple Choice

Exhibit 8-7
Exhibit 8-7 -According to Exhibit 8-7,if this market has many competing firms,then price and output will be: A) P<sub>0</sub> and Q<sub>1</sub>. B) P<sub>1</sub> and Q<sub>1</sub>. C) P<sub>0</sub> and Q<sub>2</sub>. D) P<sub>2</sub> and Q<sub>1</sub>. E) P<sub>2</sub> and Q<sub>2</sub>.
-According to Exhibit 8-7,if this market has many competing firms,then price and output will be:


A) P0 and Q1.
B) P1 and Q1.
C) P0 and Q2.
D) P2 and Q1.
E) P2 and Q2.

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