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Exhibit 25-40 Refer to Exhibit 25-4. What Is the Total Revenue of the Total

Question 83

Question 83

Multiple Choice

Exhibit 25-40
Exhibit 25-40 Refer to Exhibit 25-4. What is the total revenue of the profit-maximizing natural monopoly? A) P<sub>1</sub> x Q<sub>1</sub>. B) P<sub>2</sub> x Q<sub>2</sub>. C) P<sub>5</sub> x Q<sub>1</sub>. D) P<sub>3</sub> x Q<sub>3</sub>.
Refer to Exhibit 25-4. What is the total revenue of the profit-maximizing natural monopoly?

A) P₁ x Q₁.
B) P₂ x Q₂.
C) P₅ x Q₁.
D) P₃ x Q₃.

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