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Use the Figure to Answer the Following Question(s)

Question 220

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Use the figure to answer the following question(s) .
Figure 11-7
Use the figure to answer the following question(s) . Figure 11-7 The demand and cost conditions in an industry are as depicted in Figure 11-7. In the viewpoint of economic efficiency, what would the ideal price and output be? A) price, $7; quantity produced, 100 B) price, $10; quantity produced, 170 C) price, $14; quantity produced, 100 D) price, $7; quantity produced, 200
The demand and cost conditions in an industry are as depicted in Figure 11-7. In the viewpoint of economic efficiency, what would the ideal price and output be?


A) price, $7; quantity produced, 100
B) price, $10; quantity produced, 170
C) price, $14; quantity produced, 100
D) price, $7; quantity produced, 200

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