Refer to the graph shown. In a perfectly competitive industry, price would:
A) equal $16.
B) be greater than $16.
C) equal $12.
D) be less than $12.

Name: Refer to the graph shown. In a perfectly competitive industry, price would: A) equal $16. B) be greater than $16. C) equal $12. D) be less than $12.
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Question

Refer to the graph shown. In a perfectly competitive industry, price would: 
A) equal $16. 
B) be greater than $16. 
C) equal $12. 
D) be less than $12.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. In a perfectly competitive industry, price would: 
A) equal $16. 
B) be greater than $16. 
C) equal $12. 
D) be less than $12.

Refer to the Graph Shown