In a perfectly competitive industry, which of the following is true? The competitive price is higher and quantity higher than the socially efficient point.

The competitive price is higher and quantity lower than the socially efficient point.

Since the industry is perfectly competitive, price and quantity are at the socially efficient levels.

The competitive price is lower and quantity higher than the socially efficient point.

Which of the following statements best describes the terms of the treaty of guadalupe-hidalgo? a the treaty ended the mexican-american war, resulting in the u.s. finally being able to finish building railroads in texas. b the treaty ended the mexican-american war, resulting in mexico and the u.s. going back to their pre-war conditions. c the treaty ended the mexican-american war, resulting in the u.s. facing a lot of international backlash for the war. d this treaty ended the mexican-american war, resulting in mexico ceding a large amount of land to the united states.