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-The Figure Above Represents the Competitive Market for Slices of Key

Question 190

Multiple Choice

-The figure above represents the competitive market for slices of key lime pie.When the price equals $3 A) there is a shortage of slices of pie. B) there is a surplus of slices of pie. C) the efficient quantity of slices is being produced. D) the quantity produced is inefficient. E) the deadweight loss is maximized.
-The figure above represents the competitive market for slices of key lime pie.When the price equals $3


A) there is a shortage of slices of pie.
B) there is a surplus of slices of pie.
C) the efficient quantity of slices is being produced.
D) the quantity produced is inefficient.
E) the deadweight loss is maximized.

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