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Figure 7.6 -Using Figure 7.6, Which Price-And-Quantity Combination Would Simulate the Perfectly
Multiple Choice
Figure 7.6
-Using Figure 7.6, which price-and-quantity combination would simulate the perfectly competitive outcome of marginal-cost pricing?
A) Price of $90 and quantity of 60.
B) Price of $90 and quantity of 40.
C) Price of $60 and quantity of 40.
D) Price of $80 and quantity of 70.
Correct Answer:
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