Multiple Choice
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 allow the monopolist to charge a price that just covers average total cost, the water works will serve _____ customers.
A) 200
B) 300
C) 375
D) 400
Correct Answer:

Verified
Correct Answer:
Verified
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