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-Refer to the Above Figure P1P _ { 1 }
B)marginal Cost,which Is

Question 97

Multiple Choice

   -Refer to the above figure.Regulators cannot force natural monopolies to operate in the long run at a loss.Therefore,they usually require the firms to charge a price equal to A) marginal cost,which is  P _ { 1 }  . B) marginal cost,which is  P _ { 2 }  . C) average cost,which is  \mathrm { P } _ { 3 }  . D) average cost,which is  \mathrm { P } _ { 4 }  .
-Refer to the above figure.Regulators cannot force natural monopolies to operate in the long run at a loss.Therefore,they usually require the firms to charge a price equal to


A) marginal cost,which is P1P _ { 1 } .
B) marginal cost,which is P2P _ { 2 } .
C) average cost,which is P3\mathrm { P } _ { 3 } .
D) average cost,which is P4\mathrm { P } _ { 4 } .

Correct Answer:

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