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The Figure Below Shows Revenue and Cost Curves of a Natural

Question 38

Multiple Choice

The figure below shows revenue and cost curves of a natural monopoly firm.Figure 14.1
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The figure below shows revenue and cost curves of a natural monopoly firm.Figure 14.1 ​ In the figure, D: Demand curve MR: Marginal revenue curve MC: Marginal cost curve ATC: Average total cost curve -According to Figure 14.1, the price under perfect competition will be: A) P<sub>1</sub>. B) P<sub>3</sub>. C) P<sub>5</sub>. D) P<sub>4</sub>. E) P<sub>2</sub>. In the figure,
D: Demand curve
MR: Marginal revenue curve
MC: Marginal cost curve
ATC: Average total cost curve
-According to Figure 14.1, the price under perfect competition will be:


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

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