If a natural monopoly is allowed to choose the profit-maximizing price,it will most likely be lower than if it is regulated.

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If a natural monopoly is allowed to choose the profit-maximizing price, it will likely choose a higher price since it has no competition to keep prices in check. Regulation is often used to prevent natural monopolies from charging excessively high prices and promote consumer welfare. Therefore, a regulated price would likely be lower than an unregulated price.

If a Natural Monopoly Is Allowed to Choose the Profit-Maximizing