Figure 10.1 The Revenue and Cost Curves in the Diagram Above Are

Multiple Choice

Figure 10.1
The revenue and cost curves in the diagram above are those of a natural monopoly.
-Refer to Figure 10.1. If the monopolist is not regulated, the price will be set at ________.

A) P1
B) P2
C) P3
D) P4
E) none of the above