Multiple Choice
Suppose a firm has a variable cost function VC = 20Q with avoidable fixed cost of $50,000.For regulators,the first-best regulated price is ______; the second-best regulated price is ____.
A) $80; $480
B) $480; $105
C) $80; $105
D) $105; $80
Correct Answer:
Verified
Correct Answer:
Verified
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