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Question 6

Multiple Choice

Use the following to answer question:
Figure: The Profit-Maximizing Output and Price Use the following to answer question: Figure: The Profit-Maximizing Output and Price -(Figure: The Profit-Maximizing Output and Price) Use Figure: The Profit-Maximizing Output and Price.Under perfect competition,the price of the good would be _____ and _____ units would be produced. A) $600;8 B) $200;8 C) $200;16 D) $600;16
-(Figure: The Profit-Maximizing Output and Price) Use Figure: The Profit-Maximizing Output and Price.Under perfect competition,the price of the good would be _____ and _____ units would be produced.


A) $600;8
B) $200;8
C) $200;16
D) $600;16

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