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Question 38

Multiple Choice

Use the following to answer questions :
Figure 9-1 Use the following to answer questions : Figure 9-1   -Which of the following points in Figure 9-1 can be used to identify production and price in a perfectly competitive industry? A) Q<sub>1</sub>,P<sub>1</sub>. B) Q<sub>2</sub>,P<sub>2</sub>. C) Q<sub>3</sub>,P<sub>3</sub>. D) Q<sub>2</sub>,P<sub>4</sub>. E) Q<sub>2</sub>,P<sub>3</sub>.
-Which of the following points in Figure 9-1 can be used to identify production and price in a perfectly competitive industry?


A) Q1,P1.
B) Q2,P2.
C) Q3,P3.
D) Q2,P4.
E) Q2,P3.

Correct Answer:

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