Figure 7-23 PMce P4 Supply B :C P2 - D H Q102 Refer to Figure 7-23....

Question

Question

Answer 1

Answer #1

answer
Option b

The efficient outcome is at equilibrium. the equilibrium is at Qd=Qs
where
Q=Q2 and P=P2

the equilibrium quantity is Q2 and price is P2

Answer 2

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