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Exhibit 15.1 -Refer to Exhibit 15.1,which Shows the Cost and Revenue Curves

Question 21

Multiple Choice

Exhibit 15.1
Exhibit 15.1 -Refer to Exhibit 15.1,which shows the cost and revenue curves for a natural monopolist-the operator of a subway system.The subway would lose money and would require a subsidy to keep going at _____ A) $4.00 per trip. B) $2.50 per trip. C) $1.50 per trip. D) $1.25 per trip. E) $0.50 per trip.
-Refer to Exhibit 15.1,which shows the cost and revenue curves for a natural monopolist-the operator of a subway system.The subway would lose money and would require a subsidy to keep going at _____


A) $4.00 per trip.
B) $2.50 per trip.
C) $1.50 per trip.
D) $1.25 per trip.
E) $0.50 per trip.

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