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Use the Following to Answer Question(s)

Question 160

Multiple Choice

Use the following to answer question(s) :
Exhibit: The Market for Carrots
Use the following to answer question(s) :  Exhibit: The Market for Carrots    -(Exhibit: The Market for Carrots)  If this is a perfectly competitive market, when the demand is D<sub>1</sub> and the supply is S, any firm could enter and sell carrots for: A)  20 cents a pound. B)  25 cents a pound. C)  30 cents a pound. D)  any price above 20 cents a pound.
-(Exhibit: The Market for Carrots) If this is a perfectly competitive market, when the demand is D1 and the supply is S, any firm could enter and sell carrots for:


A) 20 cents a pound.
B) 25 cents a pound.
C) 30 cents a pound.
D) any price above 20 cents a pound.

Correct Answer:

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