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Exhibit 25-5 ​

Question 148

Multiple Choice

Exhibit 25-5
​
Exhibit 25-5 ​ -Refer to Exhibit 25-5. If the natural monopoly firm were to maximize profits it would 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) Q<sub>3</sub>; P<sub>3</sub>
-Refer to Exhibit 25-5. If the natural monopoly firm were to maximize profits it would produce __________ quantity of output and charge a price of __________ per unit.


A) Q1; P3
B) Q1; P2
C) Q2; P3
D) Q3; P2
E) Q3; P3

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