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Exhibit 15-3 If the Natural Monopoly in Exhibit 15-3

Question 58

Multiple Choice

Exhibit 15-3 Exhibit 15-3 If the natural monopoly in Exhibit 15-3 is regulated so that it earns a normal profit, then A) P = $24 and Q = 8 B) P = $22 and Q = 6 C) P = $24 and Q = 5 D) P = $20 and Q = 8 E) P = $18 and Q = 5 If the natural monopoly in Exhibit 15-3 is regulated so that it earns a normal profit, then


A) P = $24 and Q = 8
B) P = $22 and Q = 6
C) P = $24 and Q = 5
D) P = $20 and Q = 8
E) P = $18 and Q = 5

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