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    Economics Today Study Set 1
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    Exam 23: Perfect Competition
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    -In the Above Figure, Assuming Firm 1 and Firm 2
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-In the Above Figure, Assuming Firm 1 and Firm 2

Question 49

Question 49

Multiple Choice

  -In the above figure, assuming Firm 1 and Firm 2 are the sole producers in the industry, the industry quantity supplied at price P2 is equal to A)  Q1 + Q2. B)  Q1 + Q3. C)  Q2 + Q4. D)  Q4 - Q2.
-In the above figure, assuming Firm 1 and Firm 2 are the sole producers in the industry, the industry quantity supplied at price P2 is equal to


A) Q1 + Q2.
B) Q1 + Q3.
C) Q2 + Q4.
D) Q4 - Q2.

Correct Answer:

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