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Use the Following to Answer Questions

Question 29

Multiple Choice

Use the following to answer questions :
Figure 10-3 Use the following to answer questions : Figure 10-3   -The imperfect competitor shown in Figure 10-3 should set a profit-maximizing level of output and price at: A) Q<sub>1</sub> and P<sub>1</sub> B) Q<sub>3 </sub>and P<sub>2</sub> C) Q<sub>1</sub> and P<sub>4</sub>. D) Q<sub>2</sub> and P<sub>3</sub> E) Q<sub>3</sub> and P<sub>1</sub>.
-The imperfect competitor shown in Figure 10-3 should set a profit-maximizing level of output and price at:


A) Q1 and P1
B) Q3 and P2
C) Q1 and P4.
D) Q2 and P3
E) Q3 and P1.

Correct Answer:

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