Use the figure below to answer the following questions. Figure 12.3.2 ...

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Use the figure below to answer the following questions.

Figure 12.3.2

Consider Figure 12.3.2. The light grey area shows consumer surplus, and the dark grey area shows producer surplus. Which graph illustrates a perfectly competitive market?

(b) and (d)

67%

(d)

0%

(b)

33%

(c)

0%

(a)

0%

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