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, how much profit will it earn?
A) $1,600
B) $1,400
C) $1,000
D) $800
Correct Answer:
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Figure: PPV
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Figure: PPV
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Figure: Water
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Figure: Water
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