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Question 201

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Figure: Water Works Use the following to answer questions: Figure: Water Works -(Figure: Water Works) Look at the figure Water Works, which describes a small town's water works, a natural monopoly. If regulators want to maximize efficiency, the monopolist will be allowed to charge a price of: A) $5. B) $6. C) $13. D) $21.
-(Figure: Water Works) Look at the figure Water Works, which describes a small town's water works, a natural monopoly. If regulators want to maximize efficiency, the monopolist will be allowed to charge a price of:


A) $5.
B) $6.
C) $13.
D) $21.

Correct Answer:

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