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10) Refer to Figure 12-20. If the market price is P 1, what is the allocatively efficient output level?10) ______ A) Q 0 B) Q

10) Refer to Figure 12-20. If the market price is P1, what is the allocatively efficient output level?10) ______

A) Q0

B) Q1

C) Q2

D) There is no allocatively efficient output level because the firm is making a loss.

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