Use the following to answer questions:
Figure: Water Works
-(Figure: Water Works) Look at the figure Water Works, which describes a small town's water works, a natural monopoly. If the water works is unregulated and maximizes profit, what price will it charge to each customer?
A) $21
B) $13
C) $6
D) $5
Correct Answer:
Verified
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Figure: Water
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A)monopolizes a
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Figure: Water
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Figure: Water
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