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Exhibit 15.1 -Refer to Exhibit 15.1,which Shows the Cost and Revenue Curves

Question 30

Multiple Choice

Exhibit 15.1
Exhibit 15.1 -Refer to Exhibit 15.1,which shows the cost and revenue curves for a natural monopolist-the operator of a subway system.At the efficient output rate,the efficient quantity is _____ A) 100 million. B) 150 million. C) 200 million. D) 210 million. E) 250 million.
-Refer to Exhibit 15.1,which shows the cost and revenue curves for a natural monopolist-the operator of a subway system.At the efficient output rate,the efficient quantity is _____


A) 100 million.
B) 150 million.
C) 200 million.
D) 210 million.
E) 250 million.

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