Chapter 01 Economics: The Study of Opportunity Cost

For each question, circle only one (1) response. If you change your answer, mark through your other choices, circle your final answer. If more than one (1) answer is circled, the first answer will be graded. 1. In Figure 5.1 above, what output would a perfect competitor produce? A. Q1 B. Q2 C. Q3 D. Q4 2. ................
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