Question: 2. Consider the following table. Price Quantity Purchased Quantity Produced Average Total Cost 15 8 32 7.5 14 12 30 7 13 16 28 6.75

2. Consider the following table. Price Quantity Purchased Quantity Produced Average

2. Consider the following table. Price Quantity Purchased Quantity Produced Average Total Cost 15 8 32 7.5 14 12 30 7 13 16 28 6.75 12 20 26 6.6 11 24 24 6.8 10 28 22 7.1 9 32 20 7.5 8 36 18 8 a. At which price does the market achieve allocationefficiency? Briefly explain

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