Multiple Choice
The following figure shows the average cost [AC],marginal cost [MC],and demand [D] curves for a natural monopoly;Qi denotes quantity and Pi denotes price.
Figure 15-3
-In Figure 15-3,under marginal-cost pricing,the monopoly would earn:
A) negative economic profit equal to P3CBP2.
B) positive economic profit equal to P2BQ2O.
C) negative economic profit equal to FBQ2Q1.
D) positive economic profit equal to FCQ2Q1.
Correct Answer:

Verified
Correct Answer:
Verified
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