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Figure 15-20 Shows the Market Demand and Cost Curves Facing

Question 52

Multiple Choice


Figure 15-20 shows the market demand and cost curves facing a natural monopoly. -Refer to Figure 15-20. If the regulators of the natural monopoly allow the owners of the firm to break even on their investment the firm will produce an output of ________ and charge a price of ________. A) Q1 units; P4 B) Q1 units; P1 C) Q5 units; P3 D) Q3 units; P4
Figure 15-20 shows the market demand and cost curves facing a natural monopoly.
-Refer to Figure 15-20. If the regulators of the natural monopoly allow the owners of the firm to break even on their investment the firm will produce an output of ________ and charge a price of ________.


A) Q1 units; P4
B) Q1 units; P1
C) Q5 units; P3
D) Q3 units; P4

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