To maximize profit, an unregulated natural monopoly will produce at a level where

Name: To maximize profit, an unregulated natural monopoly will produce at a level where
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Question

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In order to maximize profit, a natural monopoly will produce where marginal revenue equals marginal cost. This is because at that level, each additional unit of output sold will bring in additional revenue equal to the additional cost of producing that unit, resulting in maximum profit.

To Maximize Profit, an Unregulated Natural Monopoly Will Produce at a Level