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The Figure Below Shows Revenue and Cost Curves of a Natural

Question 23

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The figure below shows revenue and cost curves of a natural monopoly firm. Figure 12.1 The figure below shows revenue and cost curves of a natural monopoly firm. Figure 12.1 In the figure, D: Demand curve MR: Marginal revenue curve MC: Marginal cost curve ATC: Average total cost curve -Refer to Figure 12.1.The natural monopolist will charge a price equal to: A) P<sub>4</sub>. B) P<sub>3</sub>. C) P<sub>2</sub>. D) P<sub>1</sub>. E) P<sub>5</sub>. In the figure,
D: Demand curve
MR: Marginal revenue curve
MC: Marginal cost curve
ATC: Average total cost curve
-Refer to Figure 12.1.The natural monopolist will charge a price equal to:


A) P4.
B) P3.
C) P2.
D) P1.
E) P5.

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