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The Figure Below Shows Revenue and Cost Curves of a Natural

Question 59

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The figure below shows revenue and cost curves of a natural monopoly firm. Figure 12.1 The figure below shows revenue and cost curves of a natural monopoly firm. Figure 12.1 In the figure, D: Demand curve MR: Marginal revenue curve MC: Marginal cost curve ATC: Average total cost curve -Refer to Figure 12.1.Identify the fair-rate-of-return price. A) P<sub>5</sub> B) P<sub>2</sub> C) P<sub>4</sub> D) P<sub>1</sub> E) P<sub>3</sub> In the figure,
D: Demand curve
MR: Marginal revenue curve
MC: Marginal cost curve
ATC: Average total cost curve
-Refer to Figure 12.1.Identify the fair-rate-of-return price.


A) P5
B) P2
C) P4
D) P1
E) P3

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