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Table 17-11 Only Two Firms, ABC and XYZ, Sell a Particular Product

Question 139

Multiple Choice

Table 17-11
Only two firms, ABC and XYZ, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $8 and zero fixed cost. Table 17-11 Only two firms, ABC and XYZ, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $8 and zero fixed cost. -Refer to Table 17-11. What is the socially efficient quantity of the product? A) 25 B) 35 C) 50 D) 70
-Refer to Table 17-11. What is the socially efficient quantity of the product?


A) 25
B) 35
C) 50
D) 70

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