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Figure 15-15 Figure 15-15 Shows the Cost and Demand

Question 233

Multiple Choice

Figure 15-15 Figure 15-15 Figure 15-15 shows the cost and demand curves for the Erickson Power Company. -Refer to Figure 15-15. What is the economically efficient output level and what is the price at that level? A) Q<sub>4</sub>, P<sub>1</sub> B) Q<sub>3</sub>, P<sub>2</sub> C) Q<sub>2</sub>, P<sub>2</sub> D) Q<sub>2</sub>, P<sub>3</sub> Figure 15-15 shows the cost and demand curves for the Erickson Power Company.
-Refer to Figure 15-15. What is the economically efficient output level and what is the price at that level?


A) Q4, P1
B) Q3, P2
C) Q2, P2
D) Q2, P3

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