Use the following to answer questions:
Figure: Competitive Market
-(Figure: Competitive Market) Refer to the figure. If the market is competitive, price and output in the market would be:

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Use the following to answer questions:
Figure: Competitive Market

-(Figure: Competitive Market) Refer to the figure. If the market is competitive, price and output in the market would be:

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The Answer of Use the following to answer questions: Figure: Competitive Market -(Figure: Competitive Market) Refer to the figure. If the market is competitive, price and output in the market would be: A) P₁ and Q₁. B) P₁ and Q₂. C) P₂ and Q₁. D) P₂ and Q₂.

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