I have found a diagram similar to the following one in my biology textbook. The diagram describes allosteric regulation.
However, I do not quite understand why the maximum reaction rate $V_{max}$ is still reached, even though I thought this is only possible for a competitive inhibition.
I think that the diagram should look something like this where the maximum reaction rate is not reached.
Is there simply an error in the diagram or have I misunderstood something here?

