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Use the Figure Below to Answer the Following Questions

Question 1

Multiple Choice

Use the figure below to answer the following questions. Use the figure below to answer the following questions. Figure 12.5.2 -Consider the natural monopoly depicted in Figure 12.5.2.If a regulatory agency sets a price just sufficient for the firm to make zero economic profit,what output will it produce? A) Q<sub>4</sub> B) Q<sub>0</sub> C) Q<sub>1</sub> D) Q<sub>2</sub> E) Q<sub>3</sub> Figure 12.5.2
-Consider the natural monopoly depicted in Figure 12.5.2.If a regulatory agency sets a price just sufficient for the firm to make zero economic profit,what output will it produce?


A) Q4
B) Q0
C) Q1
D) Q2
E) Q3

Correct Answer:

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