Economic efficiency requires that a natural monopoly's price be set corresponding to the quantity where marginal revenue equals marginal cost.

Name: Economic efficiency requires that a natural monopoly's price be set corresponding to the quantity where marginal revenue equals marginal cost.
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Economic efficiency in a natural monopoly is achieved when price is set where marginal cost equals demand (or price), not where marginal revenue equals marginal cost.

Economic Efficiency Requires That a Natural Monopoly's Price Be Set