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Question 49

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Use the following to answer questions:
Figure: Efficient Market Outcome Use the following to answer questions: Figure: Efficient Market Outcome -(Figure: Efficient Market Outcome) Refer to the figure. The efficient price and quantity are, respectively: A) P<sub>1</sub> and Q<sub>1</sub>. B) P<sub>1</sub> and Q<sub>2</sub>. C) P<sub>2</sub> and Q<sub>1</sub>. D) P<sub>3</sub> and Q<sub>2</sub>.
-(Figure: Efficient Market Outcome) Refer to the figure. The efficient price and quantity are, respectively:


A) P1 and Q1.
B) P1 and Q2.
C) P2 and Q1.
D) P3 and Q2.

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