Figure: Efficient Market Outcome (Figure: Efficient Market Outcome) Refer

question 67

Multiple Choice

Figure: Efficient Market Outcome (Figure: Efficient Market Outcome) Refer to the figure. Theefficient 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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