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Figure 15-9

question 66

Multiple Choice

Figure 15-9 Figure 15-9    Figure 15-9 shows the cost and demand curves for the Erickson Power Company. -Refer to Figure 15-9.If the government regulates Erickson Power Company so that the firm can earn a normal profit,the price would be set at ________ and the output level is ________. A)  P<sub>1</sub>, Q<sub>4</sub> B)  P<sub>2</sub>, Q<sub>3</sub> C)  P<sub>2</sub>, Q<sub>2</sub> D)  P<sub>3</sub>, Q<sub>2</sub>
Figure 15-9 shows the cost and demand curves for the Erickson Power Company.
-Refer to Figure 15-9.If the government regulates Erickson Power Company so that the firm can earn a normal profit,the price would be set at ________ and the output level is ________.

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Universal Emotions

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