If a Natural Monopolist Is Unregulated, Then

Multiple Choice

If a natural monopolist is unregulated, then

A) the monopoly will produce efficiently from society's point of view.
B) the monopoly will produce inefficiently from society's point of view.
C) the monopolist will be earning just a normal rate of return on investment.
D) the monopolist will determine the profit maximizing quantity by equating marginal cost to the demand curve.