Figure 15-21
-Refer to Figure 15-21. What is the price and quantity for this natural monopolist under fair return pricing?
A)A and J
B)E and J
C)F and K
D)H and L

Name: Figure 15-21 -Refer to Figure 15-21. What is the price and quantity for this natural monopolist under fair return pricing? A)A and J B)E and J C)F and K D)H and L
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Question

Figure 15-21 
-Refer to Figure 15-21. What is the price and quantity for this natural monopolist under fair return pricing?
A)A and J 
B)E and J 
C)F and K 
D)H and L

Quizplus · Accepted Answer

Fair return pricing is when the price is set equal to the average total cost. In this case, the average total cost is F and the quantity is K.

Figure 15-21 -Refer to Figure 15-21. What Is the Price and Quantity