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Exhibit 26-5 -Refer to Exhibit 26-5.If the Natural Monopoly Firm Is Guaranteed

Question 146

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Exhibit 26-5
Exhibit 26-5 -Refer to Exhibit 26-5.If the natural monopoly firm is guaranteed a normal profit (nothing more and nothing less) then it will produce __________ quantity of output and charge a price of __________ per unit. A) Q<sub>1</sub>; P<sub>3</sub> B) Q<sub>1</sub>; P<sub>2</sub> C) Q<sub>2</sub>; P<sub>3</sub> D) Q<sub>3</sub>; P<sub>2</sub> E) none of the above
-Refer to Exhibit 26-5.If the natural monopoly firm is guaranteed a normal profit (nothing more and nothing less) then it will produce __________ quantity of output and charge a price of __________ per unit.


A) Q1; P3
B) Q1; P2
C) Q2; P3
D) Q3; P2
E) none of the above

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