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-Refer to the Above Figure

Question 33

Multiple Choice

-Refer to the above figure. Regulators cannot force natural monopolies to operate in the long run at a loss. Therefore, they usually require the firms to charge a price equal to A) marginal cost, which is . B) marginal cost, which is . C) average cost, which is . D) average cost, which is .
-Refer to the above figure. Regulators cannot force natural monopolies to operate in the long run at a loss. Therefore, they usually require the firms to charge a price equal to


A) marginal cost, which is -Refer to the above figure. Regulators cannot force natural monopolies to operate in the long run at a loss. Therefore, they usually require the firms to charge a price equal to A) marginal cost, which is . B) marginal cost, which is . C) average cost, which is . D) average cost, which is . .
B) marginal cost, which is -Refer to the above figure. Regulators cannot force natural monopolies to operate in the long run at a loss. Therefore, they usually require the firms to charge a price equal to A) marginal cost, which is . B) marginal cost, which is . C) average cost, which is . D) average cost, which is . .
C) average cost, which is -Refer to the above figure. Regulators cannot force natural monopolies to operate in the long run at a loss. Therefore, they usually require the firms to charge a price equal to A) marginal cost, which is . B) marginal cost, which is . C) average cost, which is . D) average cost, which is . .
D) average cost, which is -Refer to the above figure. Regulators cannot force natural monopolies to operate in the long run at a loss. Therefore, they usually require the firms to charge a price equal to A) marginal cost, which is . B) marginal cost, which is . C) average cost, which is . D) average cost, which is . .

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