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Exhibit 25-1 Refer to Exhibit 25- 1. If Average-Cost Pricing Is Imposed

Question 57

Question 57

Multiple Choice

Exhibit 25-1
Exhibit 25-1 Refer to Exhibit 25- 1. If average-cost pricing is imposed on the natural monopoly firm, what price is charged? A) P<sub>1</sub> B) P<sub>2</sub> C) P<sub>3</sub> D) any of the three prices
Refer to Exhibit 25- 1. If average-cost pricing is imposed on the natural monopoly firm, what price is charged?

A) P₁
B) P₂
C) P₃
D) any of the three prices

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