Use the following to answer question:
Figure: Market Failure 
-(Figure: Market Failure) Use Figure: Market Failure.In the figure,the equilibrium price is _____,and the equilibrium quantity is _____ for a competitive market.
Definitions:
Manager
An individual responsible for directing and overseeing the work of a group of people in an organization.
Company
An organization or business entity engaged in commercial, industrial, or professional activities.
Types of Audiences
Various groups of people categorized by specific characteristics or interests when presenting information or entertainment.
Primary
First in order of importance or sequence; the main or most significant element.
Q1: (Figure: Profits in Monopolistic Competition)Use Figure: Profits
Q14: To maximize profits,a firm in monopolistic competition
Q38: (Figure: Pollution and Efficiency)Use Figure: Pollution and
Q85: When adverse selection occurs,healthy people pay premiums
Q94: For the United States in 2012,a Gini
Q112: Which example illustrates a negative externality?<br>A)high prices
Q118: Public goods are NOT sold in efficient
Q152: Oligopoly is a market structure characterized by:<br>A)independence
Q207: Toby operates a small deli downtown.The deli
Q261: The more work people do,all other things