The Figure Given Below Shows the Demand Curve in the U.S

The figure given below shows the demand curve in the U.S. and the cost curves in U.S. and India.Figure: 16.4
In the figure:
MC: Marginal cost curve
ATC: Average total cost curve
D: Demand curve in the U.S.MR: Marginal revenue curve in the U.S.
-In Figure 16.4, the price and quantity of the good if produced by India would be _____ and _____ respectively.

A) P₃; Q₃
B) P₄; Q₄
C) P₁; Q₁
D) P₅; Q₅
E) P₂; Q₂

Correct Answer:

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