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Narrbegin Exhibit 8.7

Question 90

Multiple Choice

Narrbegin Exhibit 8.7 Narrbegin 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>.
-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.

Correct Answer:

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