Use the following to answer questions 45-46:
Figure 9.10
-(Figure 9.10) If the government regulates the price of this natural monopolist to achieve a perfectly competitive output level, the regulated price will be:

Question

Use the following to answer questions 45-46:
Figure 9.10 
-(Figure 9.10) If the government regulates the price of this natural monopolist to achieve a perfectly competitive output level, the regulated price will be:

Quizplus · Accepted Answer

To achieve a perfectly competitive output level, the price should be set equal to the marginal cost. In this scenario, the regulated price of $6.30 is likely the marginal cost, which aligns with the goal of achieving a perfectly competitive output level.

Use the Following to Answer Questions 45-46