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-Refer to the Above Figure P4\mathrm { P } _ { 4 }

Question 345

Multiple Choice

   -Refer to the above figure.What price-output combination would apply under perfect competition? A)   \mathrm { P } _ { 4 }  and  \mathrm { Q } _ { 1 }  B)   \mathrm { P } _ { 3 }  and  \mathrm { Q } _ { 2 }  C)   P _ { 2 }  and  \mathrm { Q } _ { 3 }  D)   P _ { 1 }  and  \mathrm { Q } _ { 1 }
-Refer to the above figure.What price-output combination would apply under perfect competition?


A) P4\mathrm { P } _ { 4 } and
Q1\mathrm { Q } _ { 1 }
B) P3\mathrm { P } _ { 3 } and
Q2\mathrm { Q } _ { 2 }
C) P2P _ { 2 } and
Q3\mathrm { Q } _ { 3 }
D) P1P _ { 1 } and
Q1\mathrm { Q } _ { 1 }

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