Whether in a natural monopoly or a simple monopoly, the regulated price of electricity is theoretically supposed to be set where

Question

Quizplus · Accepted Answer

In a regulated monopoly, the price is often set where there is no economic profit to prevent the monopolist from earning excessive profits at the expense of consumers, while still covering all operational costs and allowing for a normal return on investment.

Whether in a Natural Monopoly or a Simple Monopoly, the Regulated