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Question 104

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Use the following to answer question:
Figure: Monopoly Profits in Duopoly Use the following to answer question: Figure: Monopoly Profits in Duopoly -(Figure: Monopoly Profits in Duopoly) Use Figure: Monopoly Profits in Duopoly.The efficient solution in the figure is found where price is _____ and quantity is _____. A) P<sub>1</sub>;Q<sub>4</sub> B) P<sub>2</sub>;Q<sub>2</sub> C) P<sub>2</sub>;Q<sub>1</sub> D) P<sub>3</sub>;Q<sub>1</sub>
-(Figure: Monopoly Profits in Duopoly) Use Figure: Monopoly Profits in Duopoly.The efficient solution in the figure is found where price is _____ and quantity is _____.


A) P1;Q4
B) P2;Q2
C) P2;Q1
D) P3;Q1

Correct Answer:

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