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Question 1 1 ( 4 points ) The most important characteristic of the equilibrium price is that it q , guarantees that producers earn profit.

Question 11(4 points)
The most important characteristic of the equilibrium price is that it q,
guarantees that producers earn profit.
clears the market, leaving neither a surplus nor a shortage.
maximizes the quantity demanded of a good.
minimizes the quantity demanded of a good.
guarantees that buyers maximize their utility.
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