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If Regulation of the Firm Called for It to Earn

Question 97

Multiple Choice

If regulation of the firm called for it to earn only a normal profit or rate of return in Figure 27.1,the regulatory agency should set the price at A) P<sub>1</sub>. B) P<sub>2</sub>. C) P<sub>3</sub>. D) P<sub>0.</sub> If regulation of the firm called for it to earn only a normal profit or rate of return in Figure 27.1,the regulatory agency should set the price at


A) P1.
B) P2.
C) P3.
D) P0.

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